Bonds & Stocks
Equities rebounded after a selloff that drove the S&P 500 down 10% from its all-time high, though American equities were still poised for a fourth week of losses, the longest such stretch since August. Treasuries joined their German counterparts lower, trimming a rally fueled by a flight to safety. Bullion climbed as much as 0.4% to $3,001.20 an ounce on Friday.
Economy
US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs. The preliminary March sentiment index dropped to 57.9, the lowest level since November 2022, from 64.7 a month earlier, according to University of Michigan data issued Friday. The figure was weaker than all estimates in a Bloomberg survey of economists.
World
German conservative leader Friedrich Merz reached an agreement with the Green party on a debt-funded spending package for defense and infrastructure, overcoming a key hurdle ahead of a crunch vote in parliament next week.