Bonds & Stocks
A rally in stocks wavered as concerns about the economic impacts of a trade war sapped market liquidity, leaving traders unwilling to take on too much risk. Just a day after the S&P 500 notched its biggest winning run since January, the gauge fluctuated. The S&P 500 was little changed. The Nasdaq 100 fell 0.2%.The Dow Jones Industrial Average rose 0.2%. The yield on 10-year Treasuries advanced three basis points to 4.34%.
Economy
US tariffs on copper imports could be coming within several weeks, months earlier than the deadline for a decision, according to people familiar with the matter. Copper traded in New York rose to a record.
World
UK inflation unexpectedly cooled, strengthening the case for the Bank of England to cut interest rates again in May and providing a morale boost for Chancellor of the Exchequer Rachel Reeves ahead of a key economic statement Wednesday. Consumer prices climbed 2.8% in February from a year earlier, slowing from 3% the previous month, the Office for National Statistics said.