Consumer sentiment in the U.S. deteriorated by more than previously estimated in the month of March, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for March was downwardly revised to 53.3 from a preliminary reading of 55.5. Economists had expected the index to be downwardly revised to 54.0.

A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended March 21st. The Labor Department said initial jobless claims rose to 210,000, an increase of 5,000 from the previous week's unrevised level of 205,000. The uptick came in line with economist estimates.

Norway's central bank left its benchmark interest rate unchanged on Thursday but signaled future hike to tackle rising inflation fueled by the Middle East conflict. The Monetary and Financial Stability Committee of Norges Bank decided to hold the policy rate at 4.00 percent. The bank had reduced the rate by 25 basis points each in September and June.

German consumer sentiment is set to deteriorate in April due to economic concerns over the war in Iran, survey results published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Thursday. The forward-looking consumer sentiment index fell to -28.0 in April from -24.8 in the previous month. The score was forecast to fall moderately to -27.3.

Partly reflecting a significant rebound in prices for fuel imports, the Labor Department released a report on Wednesday showing U.S. import prices increased by much more than expected in the month of February. The Labor Department said import prices jumped by 1.3 percent in February after climbing by an upwardly revised 0.6 percent in January.

UK consumer price inflation remained stable in February, but potential spikes in inflation may prompt the Bank of England to keep the interest rates on hold for an extended period. Consumer prices logged a steady growth of 3.0 percent in February, the Office for National Statistics said. The rate came in line with expectations.

German business confidence declined to a 13-month low in March as the war in the Middle East weighed on expectations, survey data from the ifo Institute revealed Wednesday. The business climate index fell to 86.4 in March from 88.4 in February. Although the reading was slightly above the forecast of 86.2, this was the lowest since February 2025.

Consumer prices from the UK and business sentiment from Germany are due on Wednesday, headlining a busy day for the European economic news. At 3.00 am ET, the Office for Statistics releases UK consumer and producer prices. Inflation is seen unchanged at 3.0 percent in February. Output prices are expected to climb 2.6 percent in February after rising 2.5 percent in January.

The UK private sector registered a marked slowdown in business activity growth in March due to adverse impact of the war in the Middle East, survey results from S&P Global showed Tuesday. The flash composite output index fell more-than-expected to 51.0 in March from 53.7 in February. The score was expected to climb to 52.8.

The euro area private sector growth eased to a ten-month low in March amid a reduction in new orders, and input cost inflation reached the strongest in over three years following the outbreak of war in the Middle East, data published by S&P Global showed Tuesday. The flash composite output index posted 50.5 in March, down from 51.9 in February. The score fell below forecast of 51.0.

Europe's new car registrations recovered in February driven by higher demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association, or ACEA, said Tuesday. Car registrations grew 1.4 percent year-on-year in February, in contrast to the 3.9 percent fall in January.

Flash Purchasing Managers' survey data from the euro area and the UK are the top economic news due on Tuesday. At 4.15 am ET, S&P Global is scheduled to issue France's flash manufacturing and services PMI survey results. The factory PMI is expected to fall to 49.4 in March from 50.1 in February. Likewise, the services PMI is seen falling to 49.2 from 49.6.

Construction spending in the U.S. unexpectedly decreased in the month of January, according to a report released by the Commerce Department on Monday. The report said construction spending fell by 0.3 percent to an annual rate of $2.190 trillion in January after climbing by 0.8 percent to a revised rate of $2.198 trillion in December.

The U.S. dollar dropped against major currencies during the week ended March 20 despite escalations in the Middle East war and the fears of a protracted energy price shock. The Dollar's weakness came amidst the Federal Reserve holding rates steady as well as retaining the rate cut projections made in December.

The antipodean currencies such as the Australia and the New Zealand dollar weakened against other major currencies in the European session on Monday, as European stocks fell sharply to hit a four-month low, as further escalation in the U.S.-Iran war spurred inflation concerns.

Russia's central bank cuts its interest rate for the second straight time this year despite rise in oil prices amid conflict in the Middle East. The Board of Directors of the Bank of Russia decided to cut its interest rate by 50 basis points to 15.00 percent. The outcome of the meeting came in line with expectations. The bank had previously reduced the rate by 50 basis points in February.

Public sector finance from the UK and foreign trade from the euro area are the top economic news due on Friday. At 3.00 am ET, the Office for National Statistics publishes UK public sector finance data. Government borrowing is seen at GBP 8.7 billion in February compared to a surplus of GBP 30.4 billion in January.