U.S. STOCK INDEXES https://quotes.ino.com/exchanges/?c=indexes GENERAL STOCK MARKET COMMENT: The U.S. stock indexes were higher in late trading today. On this first day of the second quarter, Asian and European stock indexes were also mostly higher overnight. China got some upbeat manufacturing data to boost Asian and European shares Monday. The Caixin-Markit China purchasing managers index (PMI) came in at 50.5 in March from 49.2 in February. A reading above 50.0 suggests growth in the sector. The U.S. retail sales report, released this morning, showed a drop of 0.2% in February, which was a downside miss from expectations of a 0.2% rise. This report did put some brief downside price pressure on the U.S. dollar index, which in turn helped to lift gold and silver prices above unchanged for a short while. The Euro zone jobless rate was reported at 7.8% in February, which is unchanged from January and in line with market expectations. The Euro zone March consumer price index came in at up 1.4%, year-on-year, versus up 1.5% in February. The March CPI reading was just a bit below trade expectations, continuing a worldwide theme of very low inflation. Last autumn, notions among many economists and market watchers were growing that inflation was creeping back into the world marketplace, and possibly becoming problematic. Those ideas have all but disappeared now. Commodity markets, including the precious metals, could use some higher inflation levels to help boost their prices. Minneapolis Federal Reserve Bank President Neel Kashkari said Monday now is not the time to lower U.S. interest rates. While he said risks to the U.S. economy have increased, Kashkari said the Fed needs more time to see if those risks pan out. He said he is worried about low inflation. Kashkari was interviewed by the Wall Street Journal and is one of the Fed's more dovish members on U.S. monetary policy. 
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