Aussie dollar falls as U.S., China delay trade meeting; sterling falls

Tech stocks lead rebound as Boeing tumbles anew

Wall Street was buoyant overnight after US producer prices barely edged higher in February, the latest sign that inflation remained tame and affirming expectations the Federal Reserve would maintain a "patient" approach to future tightening. News that a meeting to end the trade war with China won't happen this month weighed on sentiment. USA stocks had gained for three straight days this week as economic data came in neither too hot nor too cold, while traders in Europe on Thursday seemed to be shrugging off more warning signs from the region - perhaps because of hopes Brexit can be delayed or derailed.

The company logo and trading information for Boeing is displayed on a screen on the floor of the New York Stock Exchange in New York, US, March 13, 2019.

Oil futures rallied about 2 percent on Wednesday as US crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world's top producer was revised lower.

USA stock market added to previous session gains on Tuesday led by the health care and utilities shares.

The National People's Congress is set to wrap up on Friday.

Bank of Japan Governor Haruhiko Kuroda will speak on Friday, after he and his board conclude their discussions on monetary policy. The Stoxx Europe 600 slipped 0.1%. Chinese stocks turned lower: theShanghai Composite Index is down 1.1% and Hong Kong's Hang Seng index is 0.5% lower. NY time to the highest in more than five months.Futures on the S&P 500 Index were unchanged at the highest in more than four months.The MSCI Asia Pacific Index fell 0.3 percent.The MSCI Emerging Market Index declined 0.1 percent.The U.K.'s FTSE 100 Index climbed 0.6 percent to the highest in more than three weeks on the largest increase in more than a week.

The MSCI Emerging Market Index declined 0.3 percent. Sterling rose 1.01 percent to $1.3205 while the dollar softened against the yen and euro. It shed 0.4 per cent overnight, at one point brushing a nine-day trough of 96.385. The pound has gained nearly 4 percent this year to become the top-performing G-10 currency amid hopes Britain would not violently crash out of the bloc.

At least five killed after pedestrian bridge collapse in Mumbai
The civic body ordered a show-cause notice to be issued to the contractor who undertook the fix work, RPS Infraprojects Limited. On July 3, 2018 a pedestrian pathway of Gokhale bridge had come crashing on the railway tracks at Andheri railway station.

The Australian dollar reacted the most to the report, falling to its lowest in three days at $0.7049, down 0.6 percent on the day. The U.S. dollar index, which measures the greenback against a basket of six rival currencies, was 0.43 percent lower at 96.515.

Investors were watching the data for clues about the health of China's economy after growth cooled to 6.6 percent previous year.

In afternoon trading, US 10-year note yields rose to 2.612 percent from 2.605 percent late on Tuesday.

The Bloomberg Commodity Index fell 0.2 percent.

Brent crude futures settled at $67.55 a barrel, up 88 cents, or 1.32 percent. US gold futures settled 0.9 percent higher at $1,309.3 per ounce.

-With assistance from Sophie Caronello, Cormac Mullen, Adam Haigh, Eddie van der Walt and Brendan Walsh.

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