March 13, 2026

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.