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

-- US dollar bid, 10-year United States Treasury stalls after testing 200dma at 4.24%. Euro soft after President Trump signals 25% U.S. tariffs on European Union goods including autos, details to be announced, EU will react 'firmly'. Commerce Secretary Lutnick: will impose baseline reciprocal tariffs from April 2.

-- Muted response to Nvidia Q4 earnings $0.89 versus $0.84 forecast, record Datacenter revenues ($35.6 billion) on Blackwell ramp up (about $11 billion). Q1 guidance $0.92 in line with Street. Bernstein raises price target to $185.

-- Spain's core consumer price index below forecast, slows to 2.1% year over year in February from 2.4% in January. HICP steady at 2.9% year over year.

-- Switzerland's Q4 gross domestic product growth slows to 0.2% quarter over quarter (1.5% year over year) from 0.4% in Q3. Private and government consumption +0.5%, business investment +0.8%, exports +7.0% (goods 8.8%).

-- Day ahead: U.S. jobless claims, durable goods orders, Q4 GDP second estimate. Federal Reserve speakers Barkin, Schmid, Barr, Bowman, Hammack, Harker. European Central Bank accounts of January meeting. Italy benchmark auction.

-- Nikkei +0.3%, EUR 10-year IRS -1bp at 2.35%, Brent crude +0.1% at $72.6/barrel, Gold -0.7% at $2,906/oz.