Premarket: Global stocks surge in relief rally after Trump’s tariff pause

News Snapshot:

Global shares surged and a manic bond selloff stabilized on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. Following a days-long market rout that erased trillions of dollars from global stocks and jolted U.S. Treasury bonds and the dollar, Trump on Wednesday announced a 90-day pause on many of his new reciprocal tariffs in a shock reversal. “You’ve had a relief rally after the realization that market pressure is something that resonates with the U.S. president,” said George Lagarias, chief economist at Forvis Mazars. “The key...