U.S. markets spent most of the day in the green, but sold off towards the close. The Industrials ended the day down 20 points, while the Transports lost 0.47%. The Nasdaq and S&P 500 were down by less than half a percent. Oil gained, touching the $40 mark for the first time in a couple weeks, and gold tacked on about $14/ounce.
Europe's STOXX 600 ended the day up 0.3% while China's Shanghai Composite rose 1.6%. Inflation data in China showed a stabilization in consumer prices, rising 2.3% over the last year and matching February's figures. This temporarily assuages fears of outright deflation in China.
There was no major U.S. economic data released today.
First-quarter earnings season kicks off after the close. This week we'll hear from a few of the largest banks, including J.P. Morgan, Citigroup, and Bank of America. Recall that this earnings season is expected to be one of the worst since the financial crisis.
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