LONDON, June 7 Reuters Global stock markets were steady on Wednesday and the U.S. dollar drifted lower as attention turned towards next week39;s pivotal inflation data and Federal Reserve meeting, where chances of a rate hike continued to ebb.

Meanwhile, Turkey39;s lira plunged to a record low against the greenback as authorities appeared to loosen stabilising measures after the government signalled a pivot to more orthodox policies.

The panEuropean benchmark STOXX 600 .STOXX index was flat, with small gains in British shares .FTSE offset by minor losses in German .GDAXI and French .FCHI stocks.

Spanish stocks .IBEX outperformed after shares in the world39;s biggest fast fashion company Inditex ITX.MC jumped almost 7 following first quarter results.

MSCI39;s broadest index of AsiaPacific shares outside Japan .MIAPJ0000PUS gained 0.7, led by gains in Hong Kong .HSI and Taiwan .TWII, while Japan39;s Nikkei 225 .N225 fell 1.8, its sharpest fall in 12 weeks to snap a fourday winning streak.

That left the MSCI39;s broadest index of world shares .MIWD00000PUS up just under 0.1 but close to its highest level in 13 months reached on Monday.

The drivers behind the moves higher in equities have been there, said Ben Laidler, global markets strategist at eToro, noting the debt ceiling deal and evidence deposits have been returning to the U.S. banking system.

That39;s given markets a little bit of room to run ahead of a U.S. inflation and the Fed meeting next week, he added….