Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 1.9% on a yearly basis in February from 2.1% in January, Germany's Destatis reported in its flash estimate. This print came in below the market expectation of 2%.

Russia Central Bank Reserves $ down to $797.2B from previous $806.1B

Brown Brothers Harriman's (BBH) Elias Haddad notes USD/CAD is directionless around 1.3675 ahead of Canada’s Q4 GDP release, with consensus expecting a modest contraction versus the Bank of Canada’s stall forecast.

Mexico Trade Balance s/a, $ fell from previous $-0.86B to $-1.248B in January

South Africa Trade Balance (in Rands) fell from previous 23.18B to 9.31B in January

Mexico Trade Balance, $ registered at $-6.481B, below expectations ($-2.2B) in January

TD Securities’ Global Strategy Team forecasts Canadian real GDP to contract by 0.4% annualized in Q4, driven by weaker domestic demand, falling household goods consumption and softer housing activity, partly offset by government spending and net exports.

The United States (US) Producer Price Index (PPI) data for January is due for release today at 13:30 GMT.

Portugal Gross Domestic Product (QoQ) came in at 0.9%, above expectations (0.8%) in 4Q

Portugal Gross Domestic Product (YoY) in line with forecasts (1.9%) in 4Q

Ireland Retail Sales (MoM) up to 1.5% in January from previous -0.4%

Ireland Retail Sales (YoY) increased to 3% in January from previous -0.1%

India Gross Domestic Product Quarterly (YoY) came in at 7.8%, above forecasts (7.2%) in 4Q

Greece Producer Price Index (YoY) dipped from previous -2.1% to -3.7% in January

Italy Trade Balance non-EU dipped from previous €8.385B to €2.124B in January

Belgium Gross Domestic Product (QoQ) below forecasts (0.2%) in 4Q: Actual (0.1%)

Greece Retail Sales (YoY) up to 5.1% in December from previous 0.3%

Commerzbank's senior economists Bernd Weidensteiner and Dr. Christoph Balz discuss designated Federal Reserve chair Kevin Warsh’s plan to justify significant interest rate cuts by citing artificial intelligence as a new deflationary force.

Spain Current Account Balance rose from previous €0.21B to €1.8B in December

Italy Industrial Sales s.a. (MoM) climbed from previous -0.1% to 0.5% in December

Italy Industrial Sales n.s.a. (YoY) increased to 3.6% in December from previous 0%

Rabobank’s Stefan Koopman highlights growing political risks in the United Kingdom after the Gorton and Denton by-election, where Labour lost heavily to the Green Party and Reform UK.

Spain Harmonized Index of Consumer Prices (MoM) came in at 0.4%, above expectations (0.3%) in February

Spain Consumer Price Index (YoY) came in at 2.3%, above expectations (2.2%) in February

Spain Consumer Price Index (MoM) increased to 0.4% in February from previous -0.4%

Switzerland Gross Domestic Product (YoY) climbed from previous 0.5% to 0.7% in 4Q

Switzerland Gross Domestic Product (QoQ) registered at 0.1%, below expectations (0.2%) in 4Q

Austria Producer Price Index (YoY) increased to -1.4% in January from previous -1.9%

Austria Producer Price Index (MoM) increased to 0.1% in January from previous -0.3%

Spain Harmonized Index of Consumer Prices (YoY) came in at 2.5%, above expectations (2.3%) in February