GLOBAL MARKETS-Shares subdued as investors flip-flop on rate rises

World shares were struggling to extend a bounce off four week lows on Tuesday, oil prices were at their highest in well over two years, while indecisive bond markets were stuck flip-flopping on inflation and interest rate moves. Europe's STOXX 600 was quick to give back early gains as falls in technology and healthcare stocks - the main winners from the COVID pandemic - offset a modestly higher UK FTSE with its oil and mining firms. It bucked some solid gains in Asia and Wall Street overnight but government bond prices also fell as fixed income investors continued to adjust to last week's U.S. Federal Reserve shift, when policymakers pulled forward rate hike forecasts.

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