| Here's what my colleague, market strategist Mike "Willo" Wilson says happened while we were sleeping… US stocks ended their sell-off as data show the US consumer price index eased in February but investors remain wary of tariff induced inflation eventually appearing. The Aussie and kiwi consolidated further to be up in the week thus far. On today's local agenda, New Zealand is selling some bonds and we're expecting some RBA commentary at lunchtime. In tariffs news: President Donald Trump said the US would respond to EU countermeasures against his new 25% tariffs on steel and aluminum. Canada has also announced 25% tariffs on about C$30 billion of US-made products, targeting steel and aluminum as well as other consumer items. Meanwhile, China condemned US tariffs, and the countries remain at odds over the conditions for any talks to cool tensions. Russian President Vladimir Putin will probably agree to eventual truce terms with Ukraine but wants his own conditions met beforehand, likely dragging out the negotiations, according to a person familiar with the Kremlin's thinking. The US Federal Trade Commission is moving ahead with a sprawling antitrust probe of Microsoft that was opened in the waning days of the Biden Administration. Pakistani security forces killed all 33 insurgents who have been holding a train and its passengers captive since Tuesday, putting an end to an embarrassing security failure for Prime Minister Shehbaz Sharif. The government also said 21 of the hostages had been killed by militants. | 
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