Premarket: U.S. dollar climbs, world stocks struggle on higher-for-longer rate bets

News Snapshot:

World stocks slid for a third straight day on Thursday and were choppy in Europe, as new signs of sustained inflationary pressures in the United States and rising energy prices globally boosted the case for higher-for-longer interest rates. The U.S. dollar was loitering close to its highest point since March against major peers, and touched a fresh 10-month top versus the Japanese yen, the traditional global funding currency where interest rates remain ultra-low. Blistering-hot Institute for Supply Management (ISM) figures on Wednesday, at their strongest level since February, bolstered bets that the Federal Reserve could lift interest rates again before...