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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 07/15/25 06:05 AM EDT

06:05 AM EDT, 07/15/2025 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:

-- US dollar trims gains ahead of United States consumer price index, President Trump open to more trade negotiations. European Union submits target list of U.S. retaliatory goods to heads of state consisting of industrial goods (65.7 billion euros and smaller section of agri 6.3 billion euros.

-- Long end on a knife edge: 30-year US Treasury on cusp of returning above 5%, Bund clears 3.25%, 30-year Japanese government bond scales record high of 3.219% ahead of Upper House election on Sunday, ruling coalition may struggle to hold onto a majority. JGB spillover risks?

--China Q2 GDP +1.1% quarter over quarter (5.2% year ove year), down from +1.2% in Q1. June retail sales slow to 4.8% year over year, industrial production up 6.8%, FAI year-to-date down to 2.8%, property investment slumps 11.2% year over year. USD/CNY bid above 7.17. 10-year CGB yield -1bp at 1.66%.

-- Day ahead: U.S. CPI, SocGen forecast 0.3% for headline and core. Federal Reserve speakers Bowman, Barr, Collins, Barkin. Germany ZEW survey. Bank of England Governor Bailey Mansion House speech. Canada CPI.

-- Nikkei +0.4%, EUR 10-year IRS unchanged at 2.69%, Brent crude -0.4% at $68.9/barrel, Gold +0.4% at $3,357/oz.

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

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