Morning Bid: Trouble on Main Street and Wall Street

(The opinions expressed present are those of the author, a columnist for Reuters.)

By Mike Dolan

Morning Bid U.S.

What matters successful U.S. and planetary markets today

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

We've revamped Morning Bid U.S. to connection you much in-depth markets investigation and commentary. Mike Dolan volition assistance you marque consciousness of the cardinal trends shaping markets each day. For much adept analysis, look retired for Reuters' caller markets and concern commentary platform, coming this spring.

The European Central Bank volition astir surely present an involvement complaint chopped contiguous contempt the caller surge successful euro country authorities yields, but the cardinal slope whitethorn beryllium forced to intermission aft contiguous arsenic it assesses Germany's bonzer fiscal reboot.

As the euro and European shares soar connected the trillion euro spending plan, the dollar continues to sink, falling to its lowest constituent since November's U.S. election.

Meanwhile, Japan's yen deed its champion level against the greenback since October. Japan's authorities indebtedness yields person risen to their highest levels since 2008, with the Bank of Japan acceptable to assistance its argumentation complaint again this month.

Back connected Wall Street, ailing banal indexes stabilized connected Wednesday arsenic U.S. work assemblage concern surveys came successful reasonably affirmative and President Donald Trump announced that the U.S. was giving autos a one-month reprieve from the tariff increases connected Canadian and Mexican imports.

But traders are nervously awaiting the U.S. payrolls study tomorrow, pursuing quality that backstage assemblage occupation instauration has softened. U.S. banal futures are backmost successful the reddish adjacent arsenic planetary equity benchmarks propulsion higher.

Today I'm taking a look astatine conscionable however anxious Wall Street is getting and whether recognition pricing, deal-making and net play deep-dives uncover arsenic overmuch angst arsenic equity indexes.

Today's Market Minute

* Trump has delayed his threatened 25% tariffs connected car imports from Mexico and Canada by a month. Pickup trucks mightiness explicate why.

* The shaper of Jack Daniel's whiskey says Canada pulling U.S. intoxicant disconnected the shelves is 'worse than a tariff', arsenic Canadians debar American goods and adjacent sporting events.

* A historical planetary commercialized war, a projected $1.2 trillion European fiscal bazooka and China emerging arsenic an AI person are upending planetary flows of money, perchance marking a turning constituent for "U.S. exceptionalism".

* EU leaders are expected to hold to ramp up defence spending and reaffirm their enactment for Ukraine, aft Trump's suspension of subject assistance to Kyiv fuels concerns the EU tin nary longer trust connected U.S. protection.