Premarket: World stocks stutter, U.S. dollar firmer as spotlight turns to Fed chief

News Snapshot:

World stocks markets stuttered on Wednesday, while the U.S. dollar continued to its rebound as traders waited to see if U.S. Federal Reserve chief Jerome Powell will push back against rate-cut talk when he speaks later in the day. Oil prices were struggling and fell to fresh three-month lows on concern over waning demand from top oil consumers, the United States and China. Financial markets reckon that the Fed has now finished with its most aggressive monetary tightening cycle in decades, and investors have ramped up bets for rate cuts next year since Friday’s key jobs data showed some signs...