Premarket: Stocks catch a ride higher with Nvidia; investors cautious over rates

News Snapshot:

Global shares edged up on Thursday after results from AI poster-child Nvidia ignited a rally across tech stocks, although the prospect that interest rates could stay higher for longer than many had expected tempered some investor optimism. The U.S. dollar was set for its best weekly performance since early April, after minutes from the Federal Reserve’s latest policy meeting on Wednesday reflected rate-setters’ belief that it will take longer than previously thought for inflation to return to the central bank’s 2 per cent target. Nvidia shares shot up 6.6 per cent in premarket trading. The AI darling forecast quarterly revenue...