Asia And Europe Markets Advance, Gold Hits $3,000 - Global Markets Today While US Slept

On Thursday, March 13, U.S. markets ended notably lower, with the S&P 500 entering correction territory as escalating U.S. tariffs overshadowed encouraging inflation data.

Despite cooler-than-expected PPI and CPI readings and steady jobless claims suggesting inflation is easing, and the labor market remains strong, investor sentiment deteriorated. A broad selloff, led by losses in tech megacaps like the “Magnificent 7,” dragged major indexes down. Trade tensions flared as the EU retaliated against U.S. metal tariffs.

In economic data, U.S. producer prices were flat in February, missing expectations of a 0.3% rise after a revised 0.6% gain in January. Jobless claims fell by 2,000 to 220,000, below the forecast of 225,000.

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