Premarket: Stocks gain on rate-cut wagers as BoC decision, ECB meeting loom

News Snapshot:

World shares rose on Wednesday and the U.S. dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labour market data that firmed up bets of a September rate cut by the Federal Reserve. Eyes were on the Bank of Canada’s policy meeting later this morning with traders expecting the central bank to begin its rate-cutting cycle. Worries about a cooling U.S. economy, however, kept a lid on risk appetite. The focus in Asia stayed on Indian markets, with stocks rising after Tuesday’s plunge as voting results showed a slimmer-than-expected victory margin for Prime Minister...