Premarket: World stocks hit one-year highs, U.S. dollar tilts lower

News Snapshot:

Global shares hit their highest in over a year on Wednesday, supported by relatively robust earnings and a retreat in the U.S. dollar, although trouble among U.S. regional banks and skepticism over China’s efforts to support its markets made for cautious trading. Bonds gained some respite after an aggressive sell-off that spilled into the early part of this week, following comments from Federal Reserve officials that did little to shift expectations for the outlook for monetary policy. Early on Wednesday, the MSCI All-World index rose 0.1% to reach its highest since mid-January 2023, led in part by a rally in...