Societe Generale in its early Friay economic news summary pointed out:

-- The US dollar consolidates weekly gains, Norway's NOK and Canada's CAD buck trend in G10, Australia's AUD and Japan's JPY underperform. Russia's RUB and Brazil's BRL excel in emerging markets, intervention lifts Turkey's TRY from record lows. The two-year United States Treasury steady at 3.96%, 10-year UST on 200dma (4.23%), U.S. high yield credit tightens to 314bp. Oil prices bid after U.S. tightens sanctions on Iran, OPEC+ plans new supply cut to compensate for overproduction.

-- Day ahead: Federal Reserve speakers Goolsbee, Williams. European Central Bank's Escriva. Eurozone consumer confidence, Bundesrat votes on fiscal package. Canada's retail sales. Chile's central bank (BCCh) forecast to keep rates on hold at 5.0%.

-- Japan's consumer price index slowed to 3.7% year over year in February from 4.0% in January. International investors bought 3.4 trillion yen (US$22.9 billion) of Japanese government bonds for the week ending last Friday, the second largest on record, sold 1.8 trillion yen (US$12.2 billion) Japanese stocks (4fourth largest since COVID-19).

# Nikkei -0.2%, EUR 10-year IRS -1bp at 2.65%, Brent crude +0.2% at $72.2/barrel, Gold -0.3% $3,032/oz.