Markets around the world tempered on Tuesday after days of worrisome economic news and rising interest rates had driven down shares.After earlier gains, shares of the S&P 500 fell more than 0.13 percent by midday Tuesday. Monday’s losses pulled the index down to its lowest level of the year. The Dow Jones industrial average also lost about 0.26 percent, after ending Monday in a bear market. A price bounce is common after such a relentless period of selling, as traders step back to reassess the outlook. Despite this morning’s gains, the mood across Wall Street remained sour on Tuesday, as investors parsed the likelihood of another move lower for stocks in response to central banks around the world raising interest rates to combat inflation, slowing the global economy. “It’s looking very clear now that the major central banks are not going to blink in bringing down inflation at the cost of growth,” said Rob Subbaraman, head of global macro research at Nomura.The pan-European Stoxx 600 index fell 0.13 percent. In Brit …
