Premarket: World stocks steady, U.S. dollar gains as investors ponder Fed rate cuts

News Snapshot:

Global shares hovered around three-month highs on Wednesday and the U.S. dollar found support as investors tempered some of their earlier enthusiasm about the prospect of the start of a series of U.S. interest rate cuts. The MSCI All-World index fell 0.1%, down for a second day following the decline on Wall Street, after minutes from the Federal Reserve’s most recent meeting offered little new insight into policymakers’ thinking on rates. Overnight, the S&P 500 snapped a five-session winning streak and fell 0.2%. Chipmaker Nvidia reported revenue well above Wall Street expectations after the market close, but shares fell 1.7%...