Key points

• The price of oil rose above 100 dollars per barrel for the first time since 2022, and at times the Brent benchmark reached 120.

• Consumer inflation in China rose to 1.3% year-over-year, its highest in three years, while industrial deflation moderated.

• In February, 311,457 light vehicles were produced, 118,305 were sold, and 247,945 were exported.

• German industrial production fell 0.5% in January, confirming a weak start to the year.

• The peso-dollar exchange rate moved close to 18.0 spot.

• Twenty-four U.S. states are suing the Trump administration over the imposition of the new global 10% tariffs.