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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 06/20/25 05:47 AM EDT

05:47 AM EDT, 06/20/2025 (MT Newswires) -- Societe Generale in its early Friday economic news summary pointed out:

-- Oil prices, US dollar retreat after President Trump gives Iran two weeks to negotiate end to the conflict with Israel. Discussions covering nuclear programme on Friday in Geneva between Iran, the United Kingdom, France, Germany, European Union officials and possibly China as a third party.

-- Japan May headline consumer price index dips to 3.5% year over year from 3.6% in April. Core (excluding food) accelerates to 3.7% from 3.5%, the highest since January 2023, services tick up to 1.4%. Babj of Japan minutes: appropriate to raise rates if the economic outlook is met.

-- U.K. retail sales plummet 2.7% month over month in May, the decline is first in five months. Sales excluding auto fuel slump 2.8%. Public deficit for FY25/26 widens to 37.7 billion pounds in May, below 40.7 billion pounds forecast by OBR.

-- Day ahead: U.S. leading indicator, Philly Fed business outlook. European Central Bank economic outlook. Eurozone consumer confidence.

-- Nikkei -0.1%, EUR 10-year IRS -2bps at 2.525%, Brent crude -2.7% at $76.7/barrel, Gold -0.8% at $3344/oz.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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