Morning Bid: The confidence game

By Mike Dolan

LONDON (Reuters) - What matters successful U.S. and planetary markets today

By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets

Wall Street stocks jumped connected Monday, spurred by hopes that the White House is hesitating successful its program for sweeping "reciprocal" tariff hikes adjacent week. The rally was besides helped on by quality that S&P Global's flash U.S. concern survey for March showed wide firm enactment good supra forecasts, calming fears astir a brewing tariff-related downturn. But nether the hood, the survey results were possibly little awesome than they seemed.

I'll sermon this beneath and past research wherefore declining U.S. backstage assemblage indebtedness whitethorn not beryllium specified a bully thing.

Today's Market Minute

* U.S. President Donald Trump said connected Monday that automobile tariffs are coming soon adjacent arsenic helium indicated that not each of his threatened levies would beryllium imposed connected April 2 and that immoderate countries whitethorn get breaks.

* Trump connected Monday issued an enforcement bid declaring that immoderate state buying lipid oregon state from Venezuela volition wage a 25% tariff connected trades with the U.S., portion his medication extended a deadline for U.S. shaper Chevron to upwind down operations successful the South American country.

* Atlanta Federal Reserve President Raphael Bostic said helium anticipates slower advancement connected ostentation successful the coming months and frankincense present sees the Fed cutting its benchmark involvement complaint lone erstwhile much by the extremity of this year.

* India is unfastened to cutting tariffs connected much than fractional of U.S. imports worthy $23 cardinal successful the archetypal signifier of a commercialized woody the 2 nations are negotiating, 2 authorities sources said.

* Top Trump medication officials mistakenly disclosed warfare plans successful a messaging radical that included a writer soon earlier the U.S. attacked Yemen's Iran-aligned Houthis, the White House said connected Monday.

Reality cheque connected household confidence

While S&P Global showed that the ascendant U.S. work assemblage has rebounded overmuch faster than expected, U.S. manufacturing, which is much susceptible to tariff hikes, amazed by slipping backmost into contractionary territory this month.

Investors volition present crook their attraction to the household assemblage connected Tuesday to spot if the Conference Board's user assurance speechmaking shows immoderate motion of betterment this period from February's eight-month low.

As to the seemingly endless "will they, won't they" guessing crippled connected tariffs, President Trump said connected Monday that car tariffs are coming soon. But helium added that not each of his threatened levies volition beryllium imposed connected April 2 and immoderate countries whitethorn get breaks.