Societe Generale's early Thursday economic news summary pointed out:

-- EUR/USD scales 1.08 handle after 5y5y inflation spikes to 2.22%, 10-year Bund crosses 2.90%. ESTR pricing just over two European Central Bank rate cuts this year after the German infrastructure/defense reset and European Union Re-Arm spending plan.

-- The United States delays tariffs on auto imports from Canada/Mexico by one-month and may provide exemption to certain agri-products.

-- Day ahead: ECB to cut the discount rate by 25bps to 2.50% and remove "restrictive" reference from statement. EU leaders' summit on defense/Ukraine. Feeral Reserve speakers Harker and Waller. U.S. weekly jobless claims, trade balance. Turkey's central bank (CBT) is forecast by SocGen to cut policy rate by 250bps to 42.50%.

-- Sweden's CPIF accelerates to 2.9% year over year in February from 2.2% in January, Riksbank forecast was 2.2%. Core climbs to 3.0% year over year from 2.7%. Central bank next meets on March 20. EUR/SEK slumps below 11.0, USD/SEK offered below 10.20.

-- Nikkei +0.8%, EUR 10-year IRS +7bps at 2.71%, Brent crude +0.8% at $69.8/barrel, Gold flat at $2,914/oz.