NEWSFEED HIGHLIGHTS
3 April 2026
Total nonfarm payroll employment increased by 178,000 in March, and the unemployment rate changed little at 4.3%. Job gains occurred in health care, in construction, and in transportation and warehousing. Federal government employment continued to decline.
Analysts had forecast jobs gains of 60,000, after last month's decline of 92,000.
- Tariff Can Be Reduced To 20% If Firms Move Manufacturing To US
- Pharma Tariff Reduced To 15% On Europe, Japan, South Korea, Switzerland Due To Trade Deals
- Companies That Move Manufacturing To US, Sign MFN Drug Pricing Deals With US HHS Exempt From Pharma Tariffs
- Large Pharma Companies Have 120 Days To Make Announcements To Avoid 100% Tariff
- Smaller Pharma Companies Have 180 Days To Avoid Higher Tariff
- US Has Made 17 Pharmaceutical Deals; Signed 13 And Is Negotiating Remaining 4
- US Adjusts Steel, Aluminium And Copper Tariffs To Simplify Compliance On Derivative Products
- To Maintain 50% Duty On Steel, Aluminium And Copper Commodity Imports But Apply Rate To Full Value Paid By US Customers, Not Claimed Import Value
- To Reduce Tariffs On Other Steel, Aluminium And Copper Derivative Products To 25% Applied To Full Value Of Product
- To Eliminate Steel, Aluminium And Copper Tariffs On Derivative Products If Metal Content Is Below 15% By Weight
- Metals Duty Adjustments Should Not Have Material Economic Impact But Will Simplify Tariff Regime
FEATURED STORIES
Headline consumer price growth in the euro area climbed sharply in March after a month of war in the Middle East sparked a surge in energy costs.
In a preliminary report, the EU statistics office Eurostat said annual Eurozone inflation last month increased to 2.5% -- its highest since January 2025 – to fall short of the market estimate of 2.7% but handily outpace the 1.9% reading in February.
President Trump told aides he’s willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, administration officials said, likely extending Tehran’s firm grip on the waterway and leaving a complex operation to reopen it for a later date.
In recent days, Trump and his aides assessed that a mission to pry open the chokepoint would push the conflict beyond his timeline of four to six weeks. He decided that the U.S.
British retail sales fell less than expected in February, official data showed on Friday, though a fresh drop in consumer confidence signalled that households may rein in spending in the months ahead.
The Office for National Statistics said retail sales fell 0.4% on the month in February, compared with analyst expectations of a 0.7% decline. January's reading was revised up to a 2.0% rise.
The latest inflation data from the Office for National Statistics would ordinarily be welcomed, but the relief for UK households is likely to prove short-lived.
The headline consumer price index rose 3.0% y/y in February, in line with forecasts and unchanged from the January rate. On the month, CPI rebounded 0.4% after a 0.5% decline at the first of the year.
Core CPI, which excludes energy, food,...
FRANKFURT –– Business confidence in Europe’s largest economy fell to its worst mark since early last year over concerns the Iran war will hurt economic growth.
Germany’s Ifo economics institute said Wednesday that its latest survey of domestic companies produced a decline in March’s headline business climate index to 86.4 points, a tenth higher than the market estimate but the lowest result since February...
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