SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 08/13/25 06:05 AM EDT06:05 AM EDT, 08/13/2025 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:
-- US dollar stays softer with lower two-year United States Treasury yield after friendly July goods consumer price index excluding autos (0.2%) cements case for Federal Reserve September rate cut, OIS pricing -23.5bps, VIX below 15. Treasury Secretary Bessent says Fed should be open to a half-point reduction.
-- European Union leaders hold call with President Trump at 4 p.m. CET on Russia/Ukraine before the Alaska summit on Friday. Press conference with German Prime Minister Merz at 7 p.m. CET.
-- Day ahead: Federal Reserve speakers Barkin, Goolsbee, Bostic. Bond auctions from Italy and Germany. Retail sales for Brazil and South Africa. Poland's preliminary Q2 GDP.
-- Nikkei +1.4%, EUR 10-year IRS -1bp at 2.68%, Brent crude -0.3% at $66.0/barrel, Gold +0.2% at $3,355/oz.
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