U.S. Consumer Price Index rose 0.3% month-on-month in February, matching forecasts; report provided no further details.
Gold rebounded as dollar and oil fell; Iran conflict eased; Fed-rate uncertainty and technical levels guided trade.
IEA proposes releasing 300–400 million barrels, covering Hormuz disruption, amid rising prices and G7 talks.
Brazil retail sales rose 0.4% in January, beating forecasts of -0.1% and signalling stronger activity.
Nomura raises Eurozone HICP outlook on higher energy assumptions; sees above-target inflation in early 2026.
IEA weighs emergency oil release; Japan and Germany plan reserve drawdowns, pushing WTI crude prices lower.
US February CPI due 12:30pm London; inflation steady expected, but energy pressures may complicate Fed cuts, stagflation risk.
US MBA mortgage applications rose 3.2% in week to March 6, slowing from prior week’s 11% jump.
WTI rose to $86.30 as Middle East tensions grew; G7 and IEA weighed coordinated strategic oil releases.
February US CPI predates volatility; Fed watches benign inflation, while consumers feel petrol and grocery price pressures.
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