After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing new home sales rebounded by less than expected in the month of February. The Commerce Department said new home sales jumped by 1.8 percent to an annual rate of 676,000 in February after plunging by 6.9 percent to a revised rate of 664,000 in January.

Consumer confidence in the U.S. deteriorated by more than expected in the month of March, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index tumbled to 92.9 in March from an upwardly revised 100.1 in February.

German business confidence improved to an eight-month high in March as defense and infrastructure spending plans offset concerns about US trade policies, survey data from ifo Institute showed on Tuesday. The business climate index hit 86.7 in March, up from 85.3 in the previous month. The score was seen at 86.8. The reading was the strongest since last July.

The Japanese yen weakened against other major currencies in the Asian session on Tuesday amid increasing risk-on mood by the investors, as markets breathe a temporary sigh of relief amid reports that U.S. President Donald Trump may hold back some of the reciprocal tariffs set to take effect on April 2. However, the uncertainty about fresh tariffs continues to weigh on market sentiment.

Europe's new car registrations declined for the second straight month in February due to sharp reductions in Germany and Italy, the European Automobile Manufacturers' Association, or ACEA, said on Tuesday. New car sales were down 3.4 percent on a yearly basis in February, after a 2.6 percent drop in January. The German market reported the biggest monthly fall of 6.4 percent.

Business confidence survey data from Germany is the top economic news due on Tuesday, headlining a light day for the European economic news. At 4.00 am ET, Spain's INE publishes producer prices for February. Prices had increased 2.6 percent annually in January.

The Canadian market closed on a firm note on Monday with stocks from several sectors moving higher as investors indulged in some strong buying amid slightly easing concerns about potential new tariffs by the Trump Administration.

The U.S. dollar climbed higher, and firmed against most of its major counterparts on Monday, as investors noted preliminary readings on U.S. manufacturing and services sector activity, and assessed the potential impact of Trump's tariffs on global economic growth.

A hawkish pause delivered by the Federal Reserve helped the U.S. dollar stage a strong rebound during the week ended March 21.

The British pound strengthened against other major currencies in the European session on Monday, after the U.K. private sector growth strengthened to a six-month high in March, driven by the fastest upturn in the services economy since 2024.

The euro showed mixed trading against its major rivals in the European session on Monday, following the release of mixed German and Eurozone PMI data for March.

The UK private sector growth strengthened to a six-month high in March, driven by the fastest upturn in the services economy since 2024, flash survey data from S&P Global revealed Monday. The flash composite output index registered 52.0 in March, up from 50.5 in February. The index has remained above the crucial 50.0 mark for the seventeenth month in a row.

Eurozone private sector expanded for the third straight month in March as manufacturing production increased for the first time in two years, joining services in growth territory, data from S&P Global showed on Monday. The HCOB flash composite output index ticked up to 50.4 in March from 50.2 in February. The score has remained above the threshold 50.0 indicating expansion.

Germany's private sector grew at the fastest pace in ten months in March amid a robust rebound in manufacturing production, flash survey results published by S&P Global revealed Monday. The flash HCOB composite output index rose to 50.9 in March from 50.4 in February. This was the highest score since last May but it remained well below forecast of 51.2.

France's economic downturn continued in March but the pace of decline slowed moderately driven by tentative signs of recovery in the manufacturing sector, flash survey results published by S&P Global showed on Monday. The HCOB composite output index posted a two-month high of 47.0 in March, up from 45.1 in February.

The Australian dollar strengthened against other major currencies in the Asian session on Monday, after data showed that the manufacturing sector in Australia continued to expand in March, and at a faster pace.

The Japanese yen weakened against other major currencies in the Asian session on Monday, as the weak Japan Manufacturing PMI almost closed the doors for the Bank of Japan rate hike in the upcoming monetary policy meeting.

Flash Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Monday. At 4.15 am ET, S&P Global publishes France's flash PMI survey data. The factory PMI is expected to rise to 46.2 in March from 45.8 in February. Likewise, the services PMI is seen at 46.3, up from 45.3 a month ago.

Pessimism among Euro area households increased in March as the consumer sentiment measure unexpectedly sunk to its lowest level in three months, preliminary survey data from the European Commission showed on Friday.

The Bank of Russia retained its interest rate at a record high as inflationary pressures remained high. The board of directors, governed by Elvira Nabiullina, left the key interest rate unchanged at a record 21.00 percent. The central bank has raised the key interest rate by 1,350 basis points since July 2023.

French stocks are exhibiting weakness on Friday amid concerns about the outlook for global economic growth due to the impact of Trump's tariffs. The U.S. President's reciprocal tariffs are set to take effect on April 2.

The UK budget deficit exceeded official estimate in February on higher spending, figures from the Office for Statistics revealed Friday. Public sector net borrowing rose to GBP 10.7 billion from GBP 10.6 billion in the previous year. Economists had forecast the borrowing to drop to GBP 7.0 billion. This was the fourth biggest February borrowing since monthly records began in 1993.

Public sector finance data from the UK and business confidence from France are due on Friday, headlining a light day for the European economic news. At 3.00 am ET, the Office for National Statistics releases UK public sector borrowing figures. The budget deficit is seen at GBP 7.0 billion in February.

Japan overall consumer price inflation softened in February largely due to government subsidies for energy but the increase in core inflation together with higher wage growth and services inflation put pressure on the Bank of Japan to lift key interest rates. Excluding fresh food and energy, inflation rose to 2.6 percent from 2.5 percent in the previous month, the Ministry of Internal Affairs and

A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of February. The Conference Board said its leading economic index decreased by 0.3 percent in February after slipping by a revised 0.2 percent in January.