* U.S. inflation cools in February. * Two-year U.S. Treasury yield set for biggest monthly drop since 2008. * S&P 500 records back-to-back quarterly gains. By Chuck Mikolajczak.
* Canadian dollar weakens 0.1% against the greenback. * Touches its strongest level since Feb. 21 at 1.3508. * Canadian GDP rises 0.5% in January. * Canadian bond yields ease across curve. By Fergal Smith.
* U.S. inflation cools in February. * Two-year U.S. Treasury yield set for biggest monthly drop since 2008. * S&P 500 on track for back-to-back quarterly gains. By Chuck Mikolajczak.
Euro zone government bond yields slipped on Friday as investors focused on falls in U.S. and European inflation, while fears of a full-blown banking crisis continued to recede. Euro zone inflation dropped by the most on record in March, preliminary data on Friday showed.
* Drop in euro zone, U.S. inflation data bolsters market mood. * Nikkei rises 1%, Hong Kong up 0.6% after China PMIs beat f'casts. * Two-year Treasuries enjoy biggest monthly rally since 2008. * Euro up 3% this month, yen 2.5% higher, gold surges 8% By Marc Jones.
* Canadian dollar weakens 0.1% against the greenback. * Touches its strongest since Feb. 21 at 1.3508. * Canadian GDP rises 0.5% in January. * Canadian bond yields trade mixed across curve.
U.S. Treasury yields dipped and the closely watched inversion between two-year and 10-year yields narrowed after data showed that core inflation came in below expectations in February.
STOCKS: The benchmark BSE Sensex rose 1,031.43 points, or 1.78%, to 58,991.52, while the broader NSE index gained 279.05 points, or 1.63%, to 17,359.75, aided by IT and financials stocks as investors found valuations attractive after a recent correction.
* Drop in euro zone inflation bolsters market mood. * Nikkei rises 1%, Hong Kong up 0.6% after China PMIs beat f'casts. * 2-yr Treasuries enjoy biggest monthly rally since 2008. * Euro up 3% this month, yen 2.5% higher, gold surges 8% * Markets wait for euro zone inflation, U.S. PCE data. By Marc Jones.
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