US Jobs Surge While Eurozone and Argentina Struggle with Inflation

• US payrolls grew by 303,000 in February, exceeding expectations and making interest rate cuts by the Federal Reserve less likely • Taiwan's semiconductor industry restarted operations after halting due to a 7.4 magnitude earthquake; damage was limited • China's factory activity beat expectations in March, supporting its 5% annual growth target • Argentina's president has cut spending and devalued the currency to address 276% inflation, but still retains voter support • Euro area inflation slowed more than expected in February, likely leading to an ECB interest rate cut in June