GLOBAL MARKETS-Shares Flirt with Highs on Rate Cut Bets, Gold at Record

GLOBAL MARKET - NEW YORK/LONDON. Global stocks hovered near their highest in a month on Tuesday, drawing support from expectations that the U.S. Federal Reserve could offer further hints of imminent interest rate cuts and easing recession worries.

With the data calendar relatively light across major economies this week, all eyes are on Wednesday's release of the Fed's July meeting minutes and Chair Jerome Powell's speech at Jackson Hole on Friday for clues on the outlook for U.S. rates.