Bonds & Stocks
US stock futures rallied, with contracts on the Nasdaq 100 Index surging 1.4%, as traders snapped up beaten-down tech shares and took optimism from signs that US tariffs may be more targeted. S&P 500 contacts also rose more than 1%.
Economy
US inflation remains at a disquieting level for Federal Reserve officials, just as the Trump administration moves forward with tariffs that risk keeping price pressures elevated. The personal consumption expenditures price index excluding food and energy - the Fed's preferred measure of underlying inflation - probably rose 0.3% in February for a second month, based on a Bloomberg survey.
World
India’s government will seek an exemption from President Donald Trump’s reciprocal tariffs when US officials arrive in the country Tuesday for talks over a bilateral trade agreement, people familiar with the matter said.