U.S. jobs data calms market fears, but concerns over trade policy, spending cuts remain

A solid U.S. jobs report assuaged some swirling concerns about a rapid growth slowdown, but with policy uncertainty surging and tariff headlines keeping the outlook for risk assets murky, Wall Street sees little to cheer. U.S. job growth in February was just shy of estimates and the unemployment rate edged up to 4.1 per cent, but investors were bracing for a more dour outcome after a recent spate of worrisome data. After a punishing selloff in stocks this week, however, markets remained consumed by uncertainty over trade policy and deep federal government spending cuts that could erode the labour market's…