Macro Calendar: Feb 12, 2026 3:44 AM EST

Highlights:

• UK GDP grew just 0.1% in Q4, below forecasts, as business investment declined and services stagnated, increasing pressure on PM Starmer. Source

• EU carbon prices fell to lowest since October after German Chancellor Merz suggested the bloc should consider revising or delaying its carbon market. Source

• China finalized import tariffs up to 12% on EU dairy products following anti-subsidy investigation, lower than preliminary rates from last year. Source

• Hungary's inflation rate dropped to lowest in almost eight years in January, boosting expectations for central bank rate cuts from the EU's highest key rate. Source

• US House voted to end Trump's Canada tariffs with six Republicans crossing party lines, signaling growing midterm anxieties over his economic agenda. Source

• South Korea's intelligence service says Kim Jong Un's teenage daughter appears to have entered succession phase for North Korea leadership. Source

• Singapore PM Wong unveiled budget for "more dangerous" world facing technological challenges and retreating globalization. See source link. Source