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Brazil’s GDP (Q4, y/y) came in at 1.8% (in line with expectations and prior). On a quarterly basis, GDP (q/q) improved to 0.1% (vs 0.1% expected; prior 0.0%), indicating modest sequential expansion after a flat print.

Source: IBGE

Brazil’s IPC-Fipe inflation index (Feb, m/m) rose 0.25%, a touch higher than the prior 0.21%—hinting at slightly firmer near-term price pressure in this gauge.

Source: FIPE

Air France said it is temporarily cancelling flights to and from Tel Aviv, Beirut, Dubai, and Riyadh due to the security situation, with services suspended through March 5, 2026 (inclusive). The airline group said passenger and crew safety is the priority, and it will continue assessing conditions before resuming normal operations.

Source: Reuters

South Korea’s S&P Global Manufacturing PMI (Feb) printed 51.1 (prior 51.2), indicating manufacturing remains in expansion above the 50 line, though momentum cooled marginally from the prior month.

Source: S&P Global

Mexico’s fiscal balance (Jan) came in at -19.32B, a dramatic improvement from -414.44B previously—signaling a much smaller deficit at the start of the year.

Source: Secretaría de Hacienda y Crédito Público (SHCP)

Mexico’s S&P Global Manufacturing PMI (Feb) improved to 47.10 from 46.30, indicating the sector remains in contraction, but the pace of decline softened.

Source: S&P Global

U.S. Central Command (CENTCOM) said Kuwait’s air defenses mistakenly shot down three U.S. Air Force F-15E Strike Eagles during active combat operations linked to the Iran conflict, describing the incident as apparent friendly fire.

CENTCOM said all six aircrew members ejected safely, were recovered, and are in stable condition, while Kuwait has acknowledged the incident and an investigation is underway.

Source: U.S. Central Command (CENTCOM); Reuters

Turkey’s Transport and Infrastructure Minister Abdulkadir Uraloğlu said flights from Türkiye to Iran, Iraq, Jordan, Syria, and Lebanon have been cancelled until March 6 due to ongoing security risks in the region. He said the situation is being monitored closely and decisions may be updated as conditions evolve.

Source: Anadolu Agency; Hürriyet Bigpara

Brazil’s S&P Global Manufacturing PMI (Feb) rose slightly to 47.3 from 47.0, but remained well below 50, signaling the sector is still in contraction. The data imply conditions are stabilizing only marginally, not yet shifting into recovery.

Source: S&P Global

South Africa’s vehicle market strengthened in February:

• Total Vehicle Sales (Feb): 53.46K (prior 50.52K)
• Total Vehicle Sales (YoY, Feb): +11.40% (prior +7.50%)

The pickup suggests firmer demand conditions in the auto channel, a useful high-frequency read for domestic activity.

Source: naamsa (National Association of Automobile Manufacturers of South Africa)

Monday, March 2, 2026 — South Africa’s Manufacturing PMI (Feb) fell to 47.4 from 48.7, pushing deeper into contraction territory. The move signals worsening factory conditions and keeps the near-term growth pulse soft, with ZAR typically sensitive to any reinforcement of domestic slowdown risk.

Source: Absa / Bureau for Economic Research (BER)

Turkey’s GDP (Q4, y/y) printed 3.4% (vs 3.5% expected; 3.8% prior), signaling slower growth momentum into year-end.

Meanwhile, the Istanbul Chamber of Industry Manufacturing PMI (Feb) improved to 49.3 (from 48.1), but remains below 50, meaning manufacturing is still contracting—just at a less intense pace.

Source: TurkStat; Istanbul Chamber of Industry / S&P Global