Capitals acquire Rasmus Sandin from Maple Leafs for Erik Gustafsson, first-rounder

Reuters

GLOBAL MARKETS-US stocks muted, Treasuries dip as inflation worries linger

Wall Street stocks were mixed and Treasury prices declined on Wednesday as manufacturing activity rebounded in China but contracted in the United States, while stronger-than-expected inflation numbers in Europe battered government bonds there. China’s official manufacturing purchasing managers’ index (PMI) rose to 52.6 last month from 50.1 in January, giving investors hope that China’s recovery can offset a global slowdown. Data from German regions, a day after February numbers showed price pressures surged more than expected across France and Spain, bolstered expectations that the European Central Bank will push interest rates higher than previously thought.