Societe Generale’s Kunal Kundu reviews India’s FY27 Union Budget, highlighting policy continuity and fiscal consolidation in a context of geopolitical strains and currency weakness.

UOB’s Ho Woei Chen expects China’s National People’s Congress to set a 2026 real GDP growth target of 4.5–5.0%, with actual growth forecast at 4.7%.

DBS Group Research expects Indonesia’s February inflation to rise to 4.1% year-on-year, driven by a low base and fading one-off stimulus in administered prices. While most components should stay subdued, elevated precious metal prices are seen lifting personal care costs.

Deutsche Bank outlines a busy UK data calendar, expecting stronger Net Consumer Credit, a partial rebound in Mortgage Approvals to 64.5k, and unchanged PMI Manufacturing and Services at 52.0 and 53.9.

ING’s Muhammet Mercan projects Turkey’s 4Q25 GDP growth at 3.9%, implying 3.8% for 2025, underpinned by domestic demand but with some quarterly loss of momentum.

Russia Industrial Output fell from previous 3.7% to -0.8% in December

Nordea’s Anna Westlund reports that Swedish employment has been rising since early 2025, with BAS and LFS data both showing a positive trend.

Colombia National Jobless Rate: 10.9% (January) vs 8%

United States Construction Spending (MoM) fell from previous 0.5% to -0.2% in November

United States Construction Spending (MoM) meets forecasts (0.3%) in December

United States Construction Spending (MoM): 0.3% (November) vs previous 0.5%

United States Chicago PMI came in at 57.7, above forecasts (52.8) in February

ING’s James Knightley expects upcoming US ISM surveys to soften from January’s strength, reflecting weaker regional Federal Reserve signals.

BNY’s Head of Markets Macro Strategy Bob Savage notes Australia’s January financial aggregates show total credit up 0.5% month-on-month and 7.7% year-on-year, with housing and business credit both accelerating on an annual basis. Broad money growth has also picked up.

Canada's real Gross Domestic Product (GDP) contracted at an annualized rate of 0.6% (QoQ) in the fourth quarter, Statistics Canada reported on Friday. This print followed the 2.4% growth recorded in the previous quarter and came in below the market expectation of 0%.

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), declined to 2.9% on a yearly basis in January from 3% in December, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading came in above the market expectation of 2.6%.

United States Producer Price Index (YoY) came in at 2.9%, above forecasts (2.6%) in January

United States Producer Price Index ex Food & Energy (YoY) came in at 3.6%, above forecasts (3%) in January

United States Producer Price Index ex Food & Energy (MoM) above expectations (0.3%) in January: Actual (0.8%)

United States Producer Price Index (MoM) registered at 0.5% above expectations (0.3%) in January

Canada Gross Domestic Product (MoM) above expectations (0.1%) in December: Actual (0.2%)

Canada Gross Domestic Product Annualized below expectations (0%) in 4Q: Actual (-0.6%)

Canada Gross Domestic Product (QoQ) dipped from previous 0.6% to -0.2% in 4Q

TD Securities’ Global Strategy Team notes a significant setback for Labour as the Green Party’s Hannah Spencer wins the Gorton-Denton by-election with over 40% of the vote, leaving Labour third.

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