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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 08/15/25 05:45 AM EDT

05:45 AM EDT, 08/15/2025 (MT Newswires) -- Societe Generale in its early Friday economic news summary pointed out:

-- US dollar (USD) steady before retail sales, United States Treasury yields off producer price index high, 10s at 4.277%, support 4.20% and resistance 4.35%/38%. OIS pricing -23bps for September FOMC. The U.S./Russia summit in Alaska starts at 9 p.m. CET. European Union Coreper debrief scheduled on Saturday.

-- Japan Q2 gross domestic product growth 0.3% quarter over quarter and 1.0% seasonally adjusted annual rate, above forecast. PCE deflator slows to 3.0% year over year. Private consumption +0.2%, business spending +1.3%, net exports +0.3%. OIS pricing +17bps for Bank of Japan by year-end.

-- China July activity data weak, boost case for more stimulus: retail sales slow to 3.7% year over year, industrial production moderates to 5.7%, FAI year-to-date (YTD) falls to 1.6% versus 2.8%. Downturn in property investment YTD worsened to -12.0%.

-- Day ahead: U.S. retail sales, preliminary Michigan confidence, Empire manufacturing survey, Canada manufacturingg sales.

-- Nikkei +1.7%, EUR 10-year IRS +2bps at 2.69%, Brent crude -0.4% at $66.6/barrel, Gold +0.3% at $3,3402oz.

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

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