US equities slipped as investors awaited new catalysts on trade and monetary policy. The dollar advanced for a sixth day and oil slumped. Energy producers led losses on the S&P 500 index as reports showed the US trade deficit widened in 2018 to a 10-year high and private companies added fewer jobs than analysts forecast in February. The Stoxx Europe 600 Index climbed, the euro briefly fell to a session low and most European bonds rose after a report that central bank officials are poised to cut their economic forecasts by enough to justify another round of loans for banks. The pound slipped on speculation UK Prime Minister Theresa May could be in for another bruising vote in Parliament on Brexit, and the Australian dollar sank after disappointing economic data spurred bets on interest-rate cuts. Trade remains high on investors’ agendas, with US President Donald Trump said to be pressuring US negotiators to agree on a deal with China soon in hope of fuelling a market rally. Meanwhile...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now