Russia Foreign Trade fell from previous $10.021B to $6.597B in January

Russia Central Bank Reserves $ dipped from previous $811.1B to $802.2B

The US Bureau of Economic Analysis (BEA) reported on Friday that it revised the annualized Gross Domestic Product (GDP) growth for the fourth quarter to 0.7% in its second estimate, compared to the market expectation and the initial estimate of 1.4%.

Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.8% in January from 2.9% in December, the US Bureau of Economic Analysis (BEA) reported on Friday. This print came in below the market expectation of 2.9%.

United States Gross Domestic Product Price Index climbed from previous 3.7% to 3.8% in 4Q

United States Gross Domestic Product Annualized came in at 0.7%, below expectations (1.4%) in 4Q

United States Core Personal Consumption Expenditures (QoQ) meets forecasts (2.7%) in 4Q

United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (2.9%) in 4Q

United States Personal Consumption Expenditures - Price Index (YoY) registered at 2.8%, below expectations (2.9%) in January

United States Personal Income (MoM) below expectations (0.5%) in January: Actual (0.4%)

United States Personal Consumption Expenditures - Price Index (MoM) meets expectations (0.3%) in January

United States Personal Spending above expectations (0.3%) in January: Actual (0.4%)

United States Core Personal Consumption Expenditures - Price Index (MoM) meets expectations (0.4%) in January

United States Durable Goods Orders ex Transportation below expectations (0.5%) in January: Actual (0.4%)

Deutsche Bank’s Sanjay Raja notes that UK GDP and labour market data have come in weaker than the Bank of England’s February projections, while January CPI surprised to the upside.

Mexico Industrial Output (YoY) below forecasts (1.7%) in January: Actual (-1.1%)

India Bank Loan Growth: 14.5% (March 2) vs 13.6%

In an interview with Fox News aired on Friday, United States (US) President Donald Trump said that they are going to be hitting Iran "very hard" over the next week.

Nordea analysts Jan von Gerich and Tuuli Koivu expect the European Central Bank to keep rates unchanged at its 19 March meeting, even as upside risks to inflation and ECB rate hikes increase.

TD Securities’ US macro team, including Oscar Munoz and Eli Nir, expects the FOMC to keep the Fed funds rate at 3.50–3.75% in March and stay on hold through Q3 2026.

TD Securities strategists Paul Soumalias and Alex Loo report that global equity funds kept strong aggregate inflows near recent levels, but with a sharp shift in regional allocation. South Korean equities drew record weekly inflows, while Japan saw its largest since 2013.

Commerzbank economists Jörg Krämer and Marco Wagner argue that the ECB is likely to keep its deposit rate at 2.0% next week and, in their main scenario of a short Middle East war, throughout 2026.

China New Loans below forecasts (979B) in February: Actual (900B)

China M2 Money Supply (YoY) above forecasts (8.8%) in February: Actual (9%)

United Kingdom Consumer Inflation Expectations: 3.2% vs previous 3.5%

Deutsche Bank’s Sanjay Raja expects the Bank of England (BoE) to keep Bank Rate at 3.75% in March, abandoning earlier expectations for an imminent cut as the Iran-related energy shock lifts inflation risks.

Italy Industrial Output w.d.a (YoY) came in at -0.6% below forecasts (0.8%) in January

Italy Industrial Output s.a. (MoM) below forecasts (0.3%) in January: Actual (-0.6%)

Commerzbank’s FX & Commodity Analyst Volkmar Baur highlights that new US Section 301 investigations are designed to replace recently invalidated Section 122 tariffs and avoid their July expiry.

Danske Bank’s Danske Research Team notes that Oil remains supported near USD 100 as Middle East tensions and disruptions around the Strait of Hormuz weigh on supply and sentiment.