Key points

• In Mexico, industrial production fell 1.1% month-over-month in January.

• U.S. fourth-quarter 2025 GDP growth was revised downward.

• The United States announces exemptions on Russian oil to contain the escalation in crude prices.

• The conflict in the Middle East shows few signs of cooling, with U.S. and Iranian leaders challenging each other.

• Industrial production unexpectedly declined in January in the Eurozone.

• The United States launches a new trade investigation under Section 301, now focused on alleged unfair practices related to forced labor.

• The International Energy Agency revised downward its estimates for oil supply growth in 2026.

• Later today the University of Michigan Consumer Sentiment Index will be released; the market consensus expects the preliminary estimate for March to come in at 54.6 points.