Premarket: Global stocks take a breather after strong rally

News Snapshot:

European stocks were little changed as markets took a breather after a strong rally on easing global trade tensions, while the dollar extended losses from the day before as relatively benign U.S. inflation data kept Federal Reserve rate cuts on the table. Stocks climbed overnight in Asia while U.S. stock futures were flat after the S&P 500 moved into positive territory for the year on Tuesday. As a truce in the tariff spat between China and the United States appeared to hit pause in the global trade war, investors have pushed global equities higher. “It’s all about the change in...