Economic confidence from Germany and final inflation from Italy are the top economic news due on Tuesday. At 3.30 am ET, the Federal Statistical Office publishes Swiss producer prices for February. At 5.00 am ET, Italy's statistical office ISTAT is scheduled to release flash inflation data for February. The preliminary estimate showed that consumer price inflation rose to 1.6 percent from 1.0 pe

The Reserve Bank of Australia lifted its benchmark rate for the second straight time as the conflict in the Middle East poses material risk to inflation. In a close call, the policy board, governed by Michele Bullock, decided to hike the cash rate target by 25 basis points to 4.10 percent. The decision was made by a majority vote, with five members voting to raise the rate.

The National Association of Home Builders released a report on Monday showing a modest improvement in U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index inched up to 38 in March from an upwardly revised 37 in February.

A report released by the Federal Reserve on Monday showed industrial production in the U.S. increased by slightly more than expected in the month of February. The Fed said industrial production rose by 0.2 percent in February after climbing by 0.7 percent in January. Economists had expected industrial production to inch up by 0.1 percent.

New York manufacturing activity was little changed in the month of March, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index fell to a negative 0.2 in March from a positive 7.1 in February, with a negative reading indicating contraction. Economists had expected the index to drop to 3.2.

The U.S. Dollar surged further during the week ended March 13, amidst safe haven demand triggered by the Middle East war.

China's industrial production and retail sales growth exceeded expectations in the January to February period before the war in the Middle East began, official data revealed Monday. Industrial output increased 6.3 percent on a yearly basis, stronger than the 5.2 percent rise in December, the National Bureau of Statistics said. Moreover, the rate exceeded economists' forecast of 5.3 percent.

The New Zealand dollar strengthened against other major currencies in the Asian session on Monday, after China's industrial production and retail sales increased more than expected in the January to February period.

Reflecting the conflict in the Middle East and the subsequent jump in gas prices, the University of Michigan released a report on Friday showing a modest deterioration in U.S. consumer sentiment in the month of March.

U.S. economic growth slowed by much more than previously estimated in the fourth quarter of 2025, according to a report released by the Commerce Department on Friday. The report said gross domestic product increased by 0.7 percent in the fourth quarter compared to the previously estimated 1.4 percent jump. Economists had expected the pace of growth to be unrevised.

The Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods unexpectedly came in flat in the month of January. The report said durable goods orders were virtually unchanged in January after falling by a revised 0.9 percent in December. Economists had expected durable goods orders to rise by 0.5 percent.

Consumer prices in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in January after climbing by 0.4 in December. Economists had expected prices to rise by 0.3 percent.

The UK economy logged no growth in January, even before the onset of the conflict in the Middle East that created a significant oil supply shock. Gross domestic product remained flat after rising 0.1 percent in December and 0.2 percent in November, the Office for National Statistics reported. Economists had forecast a monthly growth of 0.2 percent.

Eurozone industrial production declined for the second straight month in January, official data revealed Friday. Industrial output posted a monthly fall of 1.5 percent in January, sharper than the 0.6 percent decrease seen in December.

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the European session on Friday, amid the raging war in the Middle East as Iran toughens its stand. The resultant spike in energy stocks amid surging in crude oil prices is helping limit the losses in the markets in the region.

Monthly GDP and foreign trade from the UK and final inflation from France are due on Friday, headlining a busy day for the European economic news. At 3.00 am ET, the Office for National Statistics publishes GDP and foreign trade figures. The economy is forecast to grow 0.2 percent in January after rising 0.1 percent in December. The visible trade deficit is seen widening to GBP 22.7 billion.

New residential construction in the U.S. unexpectedly surged to their highest level in almost a year in the month of January, the Commerce Department revealed in a report released on Thursday. The Commerce Department said housing starts spiked by 7.2 percent to an annual rate of 1.487 million in January after jumping by 4.8 percent to a revised rate of 1.387 million in December.

The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed by much more than expected in the month of January. The report said the trade deficit shrank to $54.5 billion in January from a revised $72.9 billion in December. Economists had expected the trade deficit to decrease to $67.9 billion from the $70.3 billion originally reported for the previous month.

First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended March 7th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims slipped to 213,000, a decrease of 1,000 from the previous week's revised level of 214,000. Economists had expected jobless claims to inch up to 215,000.

The Indian rupee weakened against the U.S. dollar in the early European session on Thursday, as market mood was affected by uncertain oil prices and poor domestic stocks.

UK housing market confidence remained fragile and forward-looking sentiment turned more cautious amid the escalation of conflict in the Middle East, the Residential Market Survey results from the Royal Institution of Chartered Surveyors' showed Thursday. The headline house price balance fell unexpectedly to -12 percent from -10 percent in January. The balance was expected to improve to -9 percent

The Australian dollar weakened against other major currencies in the Asian session on Thursday amid increasing risk-off sentiment by the investors, as the joint U.S.-Israeli strikes against Iran continue unabated, leading to a fresh surge in crude oil price that reinforced global inflationary concerns. Reports of Iran seeking to mine the Strait of Hormuz have also added to concerns about shipping through the vital waterway.

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said its consumer price index climbed by 0.3 percent in February after rising by 0.2 percent in January. The growth matched expectations.

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, amid rising speculations that the Reserve Bank of Australia or the RBA will raise interest rates next week.

Final inflation data from Germany is the only major report due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, Destatis is scheduled to issue Germany's final inflation figures. The preliminary estimate showed that consumer price inflation eased to 1.9 percent in February from 2.1 percent in January.