Stock market indexes lacked direction on Wall Street after investors confronted a mixed producer price inflation report following the faster-than-increase in consumer inflation on Wednesday. The ECB held its rates steady and signaled its readiness to lower rates. China's indexes declined on deflation worries.

Investors pared back rate-cut expectations after producer price inflation rose less than expected, but the annual rate of overall inflation stayed accelerated to a three-month high.

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The Federal Reserve has struggled for the last nine months to bring down inflation below 3%. The Fed's multiple rate hikes and 23-year high interest rate levels have so far failed to moderate persistent shelter and energy price inflation. 

Major averages on Wall Street turned lower after consumer price inflation accelerated in March and core inflation stayed elevated.

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Global markets traded sideways ahead of U.S. inflation reports, rate decisions in the Euro Area, and China's inflation and foreign trade statistics. Copper and gold futures prices traded at record highs, and the silver price hovered near a multi-year high.

The U.S. major averages rested, and Treasury yields edged slightly lower ahead of the release of the consumer price inflation report on Wednesday. 

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The strength of the U.S. economy and labor market supported higher Treasury yields for the second session in a row. European markets advance ahead of ECB rate decisions. The yen in Japan hovered near a multi-year low.



Stocks lacked direction in early trading, and investors shifted their attention to the upcoming earnings season, with banks leading the pack. Crude oil edged lower after tensions in the Middle East eased. 

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U.S. market averages rebounded and Treasury yields hovered near 4-month highs after the U.S. economy added jobs at a faster-than-anticipated pace in March.

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U.S. market averages jumped following the U.S. economy adding jobs at the fastest pace in ten months. Market indexes in Europe and Japan extended weekly losses as investors pared back rate-cut expectations and worried about the spillover effects of higher interest rates.

Investors across the Atlantic looked beyond rate jitters as policymakers supported restrictive rates until stronger evidence emerged that inflation was trending towards the 2% target rate.

Stocks on Wall Street traded higher, and investors pared back expectations of rate cuts this year. The U.S. goods and services trade deficit jumped to a ten-month high after imports and exports rose in February. 

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U.S. major averages rebounded from the morning doldrums, and Treasury yields held steady as investors grudgingly accepted higher rates, staying longer, or no landing scenario.

Stocks rested on Wall Street as investors faced the reality of prolonged higher interest rates and pared back expectations of imminent rate cuts. 

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Investors lowered their expectations of rate cuts after manufactured goods orders and construction spending rose more than expected in February. European indexes closed down, tracking losses in New York. Markets in China, India, and Japan struggled.