Premarket: Global stocks wobble as Fed’s Powell urges caution

News Snapshot:

European shares fell on Thursday, while the dollar rose as traders took some heart from trade talks between the U.S. and Japan, and gold hit a new record as Federal Reserve Chair Jerome Powell added a note of caution about the growth outlook. With a long weekend ahead, investors were reluctant to double down too heavily on the broad-based decline in risk assets this week. U.S. President Donald Trump unexpectedly joined talks in Washington on Wednesday with a delegation from Japan, saying later that “big progress” had been made in the discussions with lead Japanese negotiator Ryosei Akazawa, but giving...