GLOBAL MARKETS-Stock bounce fades and the dollar gains as growth fears return

A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Shanghai is edging towards an end to its protracted lockdown and China's vice-premier made soothing comments to tech executives in the latest sign of a let up in pressure.