1. Markets continued their rapid tumble as Iranian discussions remain at a standstill. President Trump states “I don’t want to do a ceasefire.”

2. The dollar index rebounded slightly, after having the worst day since August 2025 yesterday.

3. Global growth expectations fell sharply, according to BofA’s Global Fund Manager Survey.

4. The number of developed-world central banks expected to raise rates in the coming year has jumped.

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1. January retail sales growth was revised down, but reversed December’s decline, driven by a jump in motor vehicle sales. The advance estimate for February points to continued momentum.

2. Producer price inflation slowed. The month-over-month increase was driven entirely by a surge in energy and petroleum products. Excluding energy, producer prices fell, signaling underlying price weakness.

3. The new housing price index posted a surprise increase in February, advancing for the first time in a year.

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1. Public sector net borrowing in February significantly overshot expectations, driven by a surge in interest payments.

2. The CBI industrial trends orders balance improved slightly in March but remained deeply in negative territory.

• The selling price expectations balance fell sharply, signaling a potential drop in core producer price inflation.

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