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Global Daily: U.S. private-sector job growth at slower pace in March.

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Financial Markets

U.S. stocks slid for a second day on Wednesday and the dollar fell after weaker-than-expected U.S. private-sector job growth in March. Both the S&P 500 and the Dow Jones Industrial Average lost 0.4% in afternoon trading. The dollar weakened 0.3% to $1.0763 per euro, and the greenback lost for the first time in three days against the yen. Meanwhile, U.S. Treasury prices rose, with the benchmark 10-year yield sliding below 1.9%.

Global Daily: U.S. initial jobless claims slid to five-week low

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Financial Markets

Oil prices rallied on Thursday after Saudi Arabia and its allies started air strikes in Yemen, boosting demand for safe-haven assets from gold to Japanese yen. Brent crude surged more than $3 to close to $60 a barrel, and the price of U.S. crude saw a similar surge as it topped $51 a barrel. In the currency market, the dollar weakened against traditional safe-haven currencies such as the Swiss franc and the yen. Meanwhile, gold prices climbed 0.6% to pace gains among metals.

Global Daily: U.S. consumer prices rise more than expected.

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Financial Markets

U.S. Treasuries advanced for a third day on Tuesday as U.S. inflation in February remained below the Federal Reserve’s 2% target, increasing bet the U.S. central bank won’t rush to hike interest rates. The yield on the benchmark 10-year note fell to as low as 1.894%, while the 30-year yield dropped to a six-week low of 2.49%. U.S. government bond have rallied since the Fed indicated last week it would raise policy rate at a slower pace than what the market anticipated.

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