Stocks bounced yesterday after the Trump administration downplayed concerns over a trade war. On the data front, weekly jobless claims rose 24k last week to 242K, slightly higher than expected. The international trade deficit grew more than expected to 57.6B in February. European shares are rallying with technology shares leading the gains in mid-day trading. German new manufacturing orders came in lower than expected in the latest reading. Asian shares closed mostly higher as trade war fears ease.