UK PM Burnham to Unveil Economic Vision at Labour Conference 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed Unveils Stablecoin Rules Under GENIUS Act 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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U.S. stock futures edged higher Thursday night after Wall Street saw the S&P 500 slip into correction territory. S&P 500 Futures rose 0.5% to 5,553.0 points, Nasdaq 100 Futures gained 0.6% to 19,359.50, and Dow Jones Futures added 0.3% to 40,987.0.
The rebound followed Senate Democratic Leader Chuck Schumer’s support for a Republican-backed stopgap funding bill, aiming to prevent a government shutdown as current funding expires Friday at midnight. The bill passed the House earlier this week.
February’s Producer Price Index (PPI) remained flat, easing inflation concerns after a 0.6% jump in January. Annual PPI growth slowed to 3.2% from January’s 3.7%. This follows softer Consumer Price Index (CPI) data, yet markets still tumbled. The S&P 500 fell 1.4% to 5,521.17, officially entering correction territory with a 10% drop from its recent peak. The Dow slid 1.3%, and the Nasdaq lost 2%.
Trade war fears drove the sell-off, with investors worrying that rising tariffs could fuel inflation and recession risks. Tech stocks suffered, with Tesla falling 2.4%, Meta losing 4.7%, and Apple dropping 3.4%. Intel, however, surged 14.6% after naming Lip-Bu Tan as CEO.
Adding to concerns, President Donald Trump threatened 200% tariffs on European alcohol in response to the EU’s planned 50% tariff on American whiskey. The EU move, effective April 1, follows recent U.S. tariffs on steel and aluminum. Trump vowed retaliatory action unless the EU withdraws its levy, potentially increasing consumer prices in both regions.
With trade tensions escalating and economic uncertainty looming, markets remain on edge despite a temporary recovery in futures trading.
