Premarket: Global stocks pause, U.S. dollar languishes ahead of Fed update on rates

News Snapshot:

Global shares paused on Wednesday after a weeks-long rebound towards record highs, leaving the dollar languishing at 2024 lows as investors hoped for clearer clues on Friday from the Federal Reserve on the magnitude of future interest rate cuts. Oil slipped on easing Middle East tensions and estimates of swelling U.S. inventories, while the weaker greenback kept gold near Tuesday’s record high. The MSCI All Country index for global stocks was trading down just 0.04% at 824.36 points, less than 1% from its mid-July lifetime high and up 13.4% for the year. In Europe, the STOXX index of 600 companies...