Macro Calendar: Feb 16, 2026 9:35 AM EST

Highlights:

• Euro-area finance ministers advocate expanding the euro's global footprint amid a weakening US dollar and market turbulence tied to President Trump's trade policies. Bloomberg Economics

• France urges caution on bolstering the euro's international role, calling for an assessment of the economic risks before moving forward — a notable counterpoint to the broader push by euro-area officials. Bloomberg Economics

• Austria backs the standard timeline for appointing the next ECB president, with Finance Minister Markus Marterbauer opposing any acceleration of the process. Bloomberg Economics

• Trump's broad steel and aluminum tariffs are set to become more targeted as the scattershot approach begins to backfire, prompting a policy rethink. Bloomberg Economics

• Nigerian inflation unexpectedly slowed in January, potentially giving the central bank room to resume rate cuts at next week's policy meeting. Bloomberg Economics

• Secretary of State Rubio says the US and Hungary are entering a "golden era" of relations, telling PM Orbán in Budapest that Washington is deeply committed to Hungary's success. Bloomberg Politics

• UK PM Starmer vows to rebound following the scandal surrounding former US ambassador Peter Mandelson, which last week threatened his premiership. Bloomberg Politics

• UK Chancellor Reeves may face a policy clash between her push to ease housing construction rules and EU environmental standards she could be forced to adopt as part of a Brussels rapprochement. Bloomberg Economics

• Bulgaria's ex-President Radev leads polls ahead of an April snap election, with his political bloc positioned to win a parliamentary majority according to a new survey. Bloomberg Politics