Europe shares rise, U.S. futures up slightly
Yuan eases despite PBOC39;s firmerthanexpected guidance
Yen pressured after Ueda contrasted with Powell, Lagarde
Gold slips to 3month low

LONDON, June 29 Reuters World shares and the dollar inched higher while gold hit a threemonth low on Thursday as focus flipped between the battle to lower inflation, the health of the U.S. economy and banks, and possible currency market intervention in China and Japan.

Wall Street was set to open higher after a premarket open upward revision to Q1 GDP data and Wednesday39;s news that the biggest U.S. banks such as JPMorgan and Goldman Sachs had sailed through annual health checks.

39;Big Tech39; added to its rampant 70 rally this year overnight and Europe39;s STOXX 600 index was making gains too as bumper profits from fashion giant HM39;s summer collection lifted its shares 16.5.

Sweden39;s central bank kicked the European day off with another interest rate hike, but the fact the Riksbank didn39;t go for a bigger than 25 basis point move pushed the Swedish crown to a record low. FRX

It all tied in with the multitrillion dollar question economists are struggling with. Where is stubbornly high inflation heading?

Spain reported its annual inflation rate had dropped to 1.9 in June, its lowest since March 2021. Equivalent numbers from Europe39;s biggest economy, Germany, though were stronger again, coming too as the worlds top central bankers decamped from an ECBhosted gettogether near…