MNI EUROPEAN OPEN: Oil Steadier, But Few Signs Of Conflict End

Mar-13 05:47By: Jonathan Cavenagh

Europe

EXECUTIVE SUMMARY

US, IRAN STRIKE DEFIANT TONE AS OIL MARKETS SEES SCANT RELIEF - BBG
US TREASURY GIVES GREEN LIGHT FOR SALE OF MORE RUSSIAN OIL - BBG
US LAUNCHES FRESH SECTION 301 PROBES INTO 60 ECONOMIES OVER FORCED-LABOR TRADE PRACTICES - CNBC
FED ON SIDELINES, AWAITING CLARITY - KAPLAN - MNI INTERVIEW
MNI DISCUSSES THE BOJ’S RENEWED FOCUS ON PRICE PRESSURES - MNI POLICY

Fig 1: $-Bloc Market Rate Expectations

Source: MNI - Market News/Bloomberg

FUEL (BBG): “Chancellor of the Exchequer Rachel Reeves and Energy Secretary Ed Miliband urged petrol retailers and energy suppliers to show restraint on price hikes as the UK’s Labour government tries to show voters it is taking action to limit economic pain resulting from the Iran war.”

ITALY (MNI BRIEF): Central bank money must remain the core settlement asset of the financial system even as new technologies such as tokenised deposits and stablecoins reshape cross-border payments, Bank of Italy Governor Fabio Panetta said Thursday, arguing that innovation should develop within a resilient two-tier monetary system anchored by public money.

RUSSIA/OIL (BBG): “The US has issued its second authorization for buyers to take Russian oil cargoes already at sea, a move intended to ease growing pressure on prices as the war in the Middle East continues.”

RUSSIA (BBG): “Russian intelligence support for Iran’s deadly retaliation against the US, Israel and Gulf allies — as well as concerns China may also be helping Tehran — demonstrates deepening ties among US adversaries as the war with Iran continues to widen.”

POLAND (BBG): “Polish President Karol Nawrocki said he won’t sign a legislation designed to give his country a quick access to €43.7 billion ($50.3 billion) from the European Union’s loans-for-weapons program in a blow to pro-EU government.”

FED (MNI): U.S. bank regulators will propose modestly looser capital requirements in coming weeks, Fed Vice Chair of Supervision Michelle Bowman said Thursday, after intense industry pushback forced the Federal Reserve to significantly scale back its Basel Endgame proposal and G-SIB surcharge reform.

IRAN (AP): " Iran’s secretive new leader issued his first public statements Thursday, resolving to keep fighting, promising more pain for Gulf Arab states and threatening to open “other fronts” in a war that has already disrupted world energy supplies, the global economy and international travel. Early Friday, U.S. President Donald Trump issued a new threat online to Iran, writing: “Watch what happens to these deranged scumbags today.” Trump tallied the damage inflicted on Iran and its leaders and called it a “great honor” to be responsible for it."

FED (MNI INTERVIEW): The Federal Reserve looks set to keep interest rates on hold for now as officials seek evidence that U.S. inflation is back on a downward trend and try to gauge the effects of war in the Middle East, former Dallas Fed President Rob Kaplan told MNI.

TRADE (CNBC): “The U.S. on Thursday launched new trade investigations into 60 economies to determine whether they failed to curb imports of goods made with forced labor, a day after it initiated unfair trade practices probe into 16 trading partners.”

JAPAN

BOJ (MNI POLICY): MNI discusses the BoJ’s renewed focus on price pressures. On MNI Policy MainWire now, for more details please contact sales@marketnews.com.

FX (BBG): "Japanese financial authorities are staying in closer contact with their US counterparts than usual as the yen trades near the weakest levels this year against a backdrop of widespread market volatility in response to the conflict in Iran."

OTHER

OIL (BBG): “President Donald Trump and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little relief to energy markets despite fresh US efforts to curb oil prices.”

OIL (BBG): “Brent oil traded near $100 a barrel following one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz effectively shut.”

INDIA (BBG): “Indian Prime Minister Narendra Modi said he discussed the “serious situation in the region” with Iranian President Masoud Pezeshkian, as New Delhi looks for ways to secure the safe passage of tankers through the Strait of Hormuz.”

CHINA

PBOC (SHANGHAI SECURITIES NEWS): Monetary policy operations will place greater emphasis on discretionary decision-making in the future, with cuts to the reserve requirement ratio and interest rates adjusted flexibly and appropriately in response to economic conditions and changes in the international environment, Shanghai Securities News reported citing Liu Shangxi, vice president of the China Society of Macroeconomics.

CHINA/US (BBG): "The framework for US President Donald Trump’s summit with China’s Xi Jinping is set to be hashed out this weekend as negotiators meet to discuss thorny issues such as tariffs, fentanyl and Taiwan."

MNI: PBOC Net Drains CNY7.3 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY37.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY7.3 billion after offsetting the maturity of CNY44.8 today, according to Wind Information.

The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4497% at 10:40 am local time from the close of 1.4704% on Thursday.
The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Thursday, comapred with the close of 49 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

MNI: PBOC Sets Yuan Parity Higher At 6.9007 Fri; +5.17% Y/Y

MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 6.9007 on Friday, compared with 6.8959 set on Thursday. The fixing was estimated at 6.8886 by Bloomberg survey today.

MARKET DATA

NEW ZEALAND BUSINESSNZ MANUFATCURING PMI 55.0; PRIOR 55.1
NEW ZEALAND JAN NET MIGRATION 4460; PRIOR 3600

SOUTH KOREA JAN MONEY SUPPLY M/M 0.7%; PRIOR 0.5%

MARKETS

US TSYS: 10-Yr Yields Eye 4.30% as Data Releases Ignored

A familiar theme played out each day this week for USTs trading in Asia. Modest decline in yields during the morning session - as investors took profit on overnight positions and locked in the rise in yields - followed by a resumption of higher yields in the afternoon.

The momentum for higher yields is strong. The US 10-Yr is higher on the week by +12.2bps - easily trading through 4.20%. Barring a sea change in the Iran war - there appears no barrier to the 10-Yr reaching 4.30% in the short term as the inflationary pressures intensify.

The 2-Yr is down Friday by -1.1bps at 3.736% (+17.2bps for the week)
The 5-Yr is down -0.5bps at 3.863% (+13.6bps for the week)
The 10-Yr is flat at 4.263% (+12.2bps for the week)
The 30-Yr is up +0.7bps at 4.893% (+13.2bps for the week)

US treasury futures are up modestly Friday with the 10-Yr at 111-16+ for gains of +03+ (-0-29+ for the week)

Looking ahead to Friday: Decent amount of data though investors focus will likely remain on Oil

Personal Income (0.3%, 0.5%), Spending (0.4%, 0.3%)
PCE Price Index MoM (0.4%, 0.3%), YoY (2.9%, 2.9%)
Core PCE Price Index MoM (0.4%, 0.4%), YoY (3.0%, 3.1%)
Personal Consumption (2.4%, 2.4%)
Durable Goods Orders (-1.4%, 1.1%)
Cap Goods Orders Non def Ex Air (0.8%, 0.5%), Ship (1.0%, 0.5%)
GDP Annualized QoQ (1.4%, 1.4%), GDP Price Index (3.6%, 3.6%)
U. of Mich. Sentiment (56.6, 54.6)
U. of Mich. 1 Yr Inflation (3.4%, 3.7%), 5-10 Yr Inflation (3.3%, 3.4%)
JOLTS Job Openings (6.542M, 6.750M), Quits Level (3.204M, 3.109M)

JGBS: Bear-Steepener, Oil Remains The Main Focus

JGB futures are sharply weaker and at session lows, -45 compared to settlement levels.

(Dow Jones) “Japan, including the Bank of Japan, will likely need to be more cautious about the economic consequences of the Middle East conflict, DBS Group Research's Chang Wei Liang says in commentary. The foreign-exchange and credit strategist cites the country's heavy reliance on the Middle East for crude oil imports, with around 70% of its imports transiting through the Strait of Hormuz.”
MNI Policy: BOJ's Renewed Price Focus Improves Hike Conditions. The BOJ is increasingly vigilant about second-round effects from Yen weakness and crude oil prices, particularly the risk of rising inflation expectations, with conditions for a rate hike gradually falling into place and raising the possibility of a move as early as next week MNI understands.
"JAPAN FINMIN KATAYAMA: NEED TO MITIGATE IMPACT AS MUCH AS POSSIBLE, READY TO TAKE ALL POSSIBLE MEASURES, KEEPING IN MIND THAT OIL PRICES COULD HAVE ON DAILY LIVES. IN CLOSER CONTACT WITH US AUTHORITIES ON FOREX - [RTRS]"
Cash US tsys are slight mixed in today's Asia-Pac session after yesterday’s bear-flattener.
Cash JGBs are 1-5bps cheaper, with a steepening bias, across benchmarks out to the 30-year.
Swap rates are ~1bp higher
On Monday, the local calendar will be empty.

AUSSIE BONDS: Slightly Stronger As Early Losses Reversed

ACGBs (YM flat & XM +2.5) are slightly stronger, reversing early weakness driven by overnight losses for US tsys.

(Bloomberg) “Goldman Sachs says the conflict in the Middle East could send the oil price as high as $US150 a barrel amid growing fears that a crucial channel will remain closed for months. The Wall Street investment bank expects oil to peak at around $US150 a barrel should the Strait of Hormuz remain closed for the next two months.”
Cash US tsys are flat to 1bp richer, with a steepening bias.
Cash ACGBs are flat to 2bps richer after being 3-5bps cheaper early. The AU-US 10-year yield differential is at +68bps after +71bps early.
The bills strip is flat to -2 across contracts.
The local calendar will be empty until next Tuesday's RBA meeting.
Going into next week's policy decision, RBA-dated OIS pricing implies a 72% probability of a 25bp hike, up from 35% at last Friday's close.
RBA-dated OIS pricing shows tightening across all meetings, with the probability of a 25bp hike rising to 165% by June and 277% by December 2026.
Next week, the AOFM plans to sell $1000mn of the 4.25% 21 March 2036 bond on Wednesday.

Bloomberg Finance LP

BONDS: NZGBS: Bear-Flattener To End A Heavy Week

NZGBs closed showing a bear-flattener, with benchmark yields flat to 5bps higher.

NZGBs relative performance was mixed, with the NZ-US 10-year yield differential 3bps lower but the NZ-AU differential 1bp higher.
Cash US tsys are flat to 1bp richer, with a steepening bias.
(Bloomberg) “New Zealand’s economic recovery probably lost momentum in the final months of 2025, highlighting its fragile nature even before any impact from the spiraling Middle East conflict and surging oil prices. Economists at the nation’s four biggest banks have cut their GDP forecast, with all now seeing it growing by less than the Reserve Bank’s 0.5% prediction, citing a stuttering recovery.”
Swap rates closed flat to 6bps higher, with the 2s10s curve flatter.
RBNZ-dated OIS pricing closed flat to 4bps firmer across meetings with late 2026 / early 2027 leading. No tightening is priced for April, while December 2026 assigns 59bps.
Over the past week, interest-rate expectations across the $-bloc through December 2026 have firmed further in response to the Middle East conflict and its impact on oil prices, with moves led by the Canada (+28bps), followed by the US (+19bps), New Zealand (+14bps) and Australia (+11bps).
On Monday, the local calendar will see the Performance Services Index and Card Spending Retail data.

Bloomberg Finance LP / MNI

FOREX: USD - BBDXY Looking To Challenge 1213-1215 Resistance

The BBDXY has had a range today of 1207.45 - 1209.93 in the Asia-Pac session; it is currently trading around 1210, +0.12%. The BBDXY had another leg up as risk-aversion begins to expand, though it remains in its recent range. The stock market is beginning to take off its rose tinted glasses and the gravity of the situation is beginning to take its toll. I am not very optimistic going forward and the longer this conflict plays out the more the headwinds for risk will grow. On the day, I suspect dips back toward 1203.50-1205.50 will now be supported as the market looks to test the top-end of the range toward 1213-1215. A sustained break above 1215 is needed to signal a potential deeper pullback toward the pivotal 1230-1235 area.

EUR/USD - Asian range 1.1500-1.1530, Asia is currently trading 1.1501. The pair traded heavy again all through the overnight session as the USD grinds higher. The Pair is again looking to test the pivotal 1.1400-1.1500 area as the pressure on the Euro longs builds. Going forward unless we get a quick cessation in Iran and the Straits open up again, the pressure looks likely to persist. On the day, the first sell-zone is back toward 1.1550-1.1580 and then the 1.1650-1.1700 area, looking for another test of the pivotal 1.1400-1.1500 support. A sustained break back through 1.1400 could potentially signal a much deeper retracement.
GBP/USD - Asian range 1.3330-1.3370, Asia is currently dealing around 1.3331. The GBP trades heavily as risk-aversion grows. On the day, look for resistance toward 1.3390-1.3420 and then the more important 1.3500 area as the USD grinds higher. Sellers will be looking for the 1.3300 area to give way at some point to confirm a top is in place, this could signal the start of a deeper move, the first target toward 1.3000.
Data/Events: France February CPI, Italy January Industrial Production, ECB’s Wunsch Speaks, Eurozone January Industrial Production, US 4Q GDP, US 4Q Personal Consumption, US 4Q PCE

Fig 1: GBP/USD Spot Weekly Chart

Source: MNI - Market News/Bloomberg Finance L.P

JPY: USD/JPY-Looks To Challenge 160-162, Potentially Bringing Rate Hike Forward

The USD/JPY range today has been 159.01-159.43 in the Asia-Pac session, it is currently trading around 159.40. The pair had a brief dip as officials Jaw-Boning got louder but dips continue to be well supported and is now looking to challenge the all important 160-162 area. The jaw-boning by officials is probably set to intensify but personally with the USD so bid and risk struggling I think the BOJ/MOF are in a tough place, who wants to sell USD’s into a market that is looking for them. Hiroshi Inoue’s article below raises the possibility of a rate hike next week as an alternative. This is similar to the conundrum the SNB had intervening in EUR/CHF by offering an unlimited bid in EUR when the whole world was selling. So for now, I suspect they hold off until this market has calmed down and the demand for USD’s has turned lower again. Where does this leave USD/JPY and how high can it go before they are forced to come back in ? This is a tough question because you cannot discount them coming in back above 162 but for my mind I suspect it could be a lot higher than most expect given the current back drop, but it does increase the chances of them moving on rates. On the day, the first support is back toward 158.50-158.80 and then the 157.50 area.

MNI Policy: BOJ’s Renewed Price Focus Improves Hike Conditions. The BOJ is increasingly vigilant about second-round effects from Yen weakness and crude oil prices, particularly the risk of rising inflation expectations, with conditions for a rate hike gradually falling into place and raising the possibility of a move as early as next week MNI understands.
"JAPAN FINMIN KATAYAMA: NEED TO MITIGATE IMPACT AS MUCH AS POSSIBLE, READY TO TAKE ALL POSSIBLE MEASURES, KEEPING IN MIND THAT OIL PRICES COULD HAVE ON DAILY LIVES. IN CLOSER CONTACT WITH US AUTHORITIES ON FOREX - [RTRS]"
Options : Close significant option expiries for NY cut, based on DTCC data: 156.00($1.01b). Upcoming Close Strikes : 156.00($1.29b March 16) - BBG.
The USD/JPY Average True Range(ATR) for the last 10 Trading days: 88 Points

Fig 1 : USD/JPY Spot Weekly Chart

Source: MNI - Market News/Bloomberg Finance L.P

AUD/USD - Pulls Back Below 0.7100 As Risk Aversion Grows

The AUD/USD has had a range today of 0.7061-0.7092 in the Asia- Pac session, it is currently trading around 0.7070, -0.10%. The AUD could not hold above the 0.7100 area as it stalled toward 0.7150 and when US stocks got hit overnight the pair could no longer shrug off the backdrop for risk and quickly fell lower. The AUD is being caught between those wanting to be long as rate hikes are brought forward and those looking for a proxy for risk. Ultimately the price remains within this 0.6900-0.7200 range as the conflict continues for now and while above the pivotal 0.6900-0.6950 area the bulls hold the slight edge, but the market is already long so will be hoping for risk to stablise. On the day, this price action is tough to trade with conviction but I suspect with risk back under pressure and the inability to hold above 0.7100 will probably see any bounce back toward 0.7110-0.7140 faded initially.

MNI AU - 25bp Hike By RBA Next Tues At ~70% Chance: Going into next week's RBA policy decision, RBA-dated OIS pricing implies a 71% probability of a 25bp hike, up from 35% at last Friday's close. The market is now as confident about a hike as it was ahead of February's 25bps hike to 3.85%
“Institutional investors are buying US dollars at the fastest pace in nearly two years, as the Middle East conflict fuels a rush into safe havens, State Street said.” - BBG
Options : Closest significant option expiries for NY cut, based on DTCC data: 0.7000(AUD853m), 0.7100(AUD896m), 0.7130(AUD839m). Upcoming Close Strikes : 0.6950(AUD1.07b Mar 18 ), 0.7100(AUD1.41b Mar 16), 0.7100(AUD752m Mar 18) - BBG
The AUD/USD Average True Range for the last 10 Trading days: 93 Points

Fig 1: AUD/USD spot Daily Chart

Source: MNI - Market News/Bloomberg Finance L.P

NZD/USD - Looking To Challenge Pivotal 0.5800-0.5850 Support

The NZD/USD had a range today of 0.5836-0.5862 in the Asia-Pac session, it is currently trading around 0.5836, -0.30%. Risk aversion seems to be building now and the NZD fell away very quickly in the New York session when US stocks turned lower. The USD is bouncing in this scenario and the NZD is now pressing the lows of its recent messy 0.5840-0.6020 range. The NZD has traded with a heavy bias consistently throughout this conflict and a sustained break below 0.5800-0.5850 could potentially see the move begin to accelerate. On the day, I suspect sellers could return back toward the 0.5890-0.5920 area and then toward 0.6000, looking for the pair to challenge lower at some point.

MNI AU - Feb PMI Elevated But BNZ Notes Note Too Early Assess Iran Impact: The New Zealand Feb BNZ-Business NZ PMI (manufacturing) edged down a touch to 55.0 (from a revised 55.1 in Jan, originally reported as 55.2). The PMI is still pointing to better y/y GDP momentum in to early 2026. BNZ via BBG notes: "Subcomponents provide further evidence that the manufacturing sector started 2026 well. The new orders and production indexes are meaningfully above their long run-averages: BNZ" but adds: "Recent economic data have taken a backseat relative to the conflict in Middle East. "It is too early for the PMI to capture any of these impacts."
Bloomberg - “Traders are now predicting a Fed rate cut in mid-2027, with Goldman pushing back its reduction call to September from June.”
Options : Closest significant option expiries for NY cut, based on DTCC data: 0.5790(NZD310m). Upcoming Close Strikes : none - BBG
The NZD/USD Average True Range for the last 10 Trading days: 64 Points

Fig 1: NZD/USD Spot Daily Chart

Source: MNI - Market News/Bloomberg Finance L.P

ASIA STOCKS: AI Tech vs $100 Oil Key to Asia's Next Move for Stocks

The escalation of the US-Iran conflict and the blockade of the Strait of Hormuz triggered a violent risk-off rotation, with oil-dependent economies like Japan and India bearing the brunt of the selling in equities.

The Nikkei 225 suffered its third-largest point drop in history on Monday -2,800 points as investors dumped Automakers and Tech as the weak Yen + high oil combination threatened to crush corporate margins. Defense stocks and financial institutions with trading Houses were the only positive areas. This sees the NKY back below 54,000 and down over 8% month to date.

India’s VIX spiked over 20% this week as the Nifty 50 broke below its 200-day moving average. Auto and FMCG sectors were hammered on fears that $100 oil would lead to immediate fuel price hikes, denting rural and urban discretionary spending. A spike in bond yields put pressure on banks given expected mark-to-market losses on their government bond holdings.

Chinese markets were the most resilient this week, partly because China is less reliant on oil imports for its energy, making it less physically sensitive to the Hormuz blockade than Japan or Korea. Beijing officially set a 2026 GDP growth target of 4.5%–5.0%, whilst the government signaled a reluctance to deploy large-scale stimulus, maintaining a budget deficit target around 3%–4% of GDP. Key bourses are mixed this week though both gains and losses were modest, outperforming their regional peers.

Korea's KOSPI is down, though losses capped due to their flagship AI names. The KOSPI is down around -1.8% for the week with SK Hynix flat and Samsung down just -0.7%

Oil in Standoff Between Reserve Release and Hormuz Closure

This week may go down as one of the most volatile periods in energy history, with prices undergoing a parabolic spike followed by a partial retreat as the world’s emergency response mechanisms were triggered.
The week began with a historic shock as Brent crude surged toward $120/bbl on Monday. This followed reports that nearly 20 million bpd of supply—one-fifth of the global total—was effectively stranded due to the closure of the Strait of Hormuz amidst the escalating US-Iran conflict.
In a desperate bid to prevent a global recession, the International Energy Agency (IEA) announced a record-breaking release of 400 million barrels from strategic reserves on Wednesday. This intervention helped pull prices back from their $120 peak to stabilize near the $92–$100 range, though markets quickly assessed this as not enough.
By mid-week, the narrative shifted to production loss as storage tanks in the Persian Gulf reached maximum capacity due to the shipping blockade. This saw producers in Saudi Arabia, Kuwait, and the UAE forced to cut output by an estimated 8 to 10 mb/d.
The IEA and OPEC both issued rare downward revisions to demand forecasts this week. High prices and widespread flight cancellations in the Middle East are expected to wipe out 1 mb/d of global demand in March and April, creating a stagflationary drag on the global economy.
Brent has traded in a range of US$81.16 - $119.50 and is currently near US$100.24 bbl - a rise of +8.1% for the week.
WTI has traded in a range of US$76.73 - $119.48 and is currently near $95.32 - a rise of +4.8% for the week.

GOLD: Gold Gains Capped by USD, Tight Ranges to Remain

Whilst gold has eked out modest gains Friday in Asia, it is currently lower for the week as USD strength and the path of US interest rates weighs heavy on the precious metal.
Gold has traded in a range this week of $5,015 -$5,238 and is currently near to $5,104.
Short term momentum indicators like the MACD suggest downward pressure on gold could continue. The MACD (white) line sits below the Signal (red) line in a bearish cross as gold investors remain wary of a stronger USD, as the hope of interest rate cuts evaporate.
Many forecasters are suggesting that gold's has a natural floor under it of around $5,000 on geopolitical uncertainty and ongoing purchases by Central Banks. Reports this week showed Chile made its first major gold purchase in decades, joining giants like China and India.
These factors should see gold continue to trade in tight ranges into next week.

UP TODAY (TIMES GMT/LOCAL)

Date	GMT/Local	Impact	Country	Event
13/03/2026	0700/0700	**	GB	UK Trade Balance
13/03/2026	0700/0700	***	GB	UK Short-Term Activity Indicators
13/03/2026	0700/0800	**	SE	Unemployment
13/03/2026	0700/0700	***	GB	UK Short-Term Activity Indicators
13/03/2026	0700/0700	***	GB	UK Short-Term Activity Indicators
13/03/2026	0700/0700	***	GB	UK Short-Term Activity Indicators
13/03/2026	0700/0800	*	DE	Wholesale Prices
13/03/2026	0745/0845	***	FR	HICP (f)
13/03/2026	0800/0900	***	ES	HICP (f)
13/03/2026	0900/1000	*	IT	Industrial Production
13/03/2026	0930/0930		GB	BOE/Ipsos Inflation Attitudes Survey
13/03/2026	1000/1100	**	EU	EZ Industrial Production
13/03/2026	-	***	CN	New Loans
13/03/2026	-	***	CN	Money Supply
13/03/2026	-	***	CN	Social Financing
13/03/2026	1230/0830	***	CA	Labour Force Survey
13/03/2026	1230/0830	**	CA	Monthly Survey of Manufacturing
13/03/2026	1230/0830	***	CA	Labour Force Survey
13/03/2026	1230/0830	*	CA	Intl Investment Position
13/03/2026	1230/0830	***	US	GDP / PCE Quarterly
13/03/2026	1230/0830	***	US	GDP / PCE Quarterly
13/03/2026	1230/0830	***	US	Personal Income and Consumption
13/03/2026	1230/0830	**	US	Durable Goods New Orders
13/03/2026	1230/0830	**	US	Durable Goods New Orders
13/03/2026	1400/1000	***	US	JOLTS
13/03/2026	1400/1000	***	US	UMich Surveys of Consumers
13/03/2026	1400/1000	***	US	JOLTS
13/03/2026	1400/1000	***	US	UMich Surveys of Consumers
13/03/2026	1700/1300	**	US	Baker Hughes Rig Count Overview - Weekly
13/03/2026	1700/1300	**	US	Baker Hughes Rig Count Overview - Weekly
13/03/2026	1700/1300	**	US	Baker Hughes Rig Count Overview - Weekly