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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 08/18/25 06:00 AM EDT

06:00 AM EDT, 08/18/2025 (MT Newswires) -- Societe Generale in its early Monday economic news summary pointed out:

-- Risk on start to the week follows meltdown in long-end European bonds in Europe last week, above forecast Unite States consumer price index services, proucer price index, Michigan inflation. EUR/USD rangebound at 1.17, 10-year United States Treasury/Bund converges on 150bps. Germany sells 2046 and 2050 bonds on Wednesday, France sells 2040 and 2053 bonds on Thursday.

-- U.S./Russia/Ukraine: President Trump meets Ukrainian President Volodymyr Zelenskiy and White House press at 7:15 p.m. CET, Trump/European Union leaders meet around 9 p.m. CET.

-- Week Ahead: Jackson Hole symposium: Federal Reserve Chair Powell keynote address on Friday. FOMC minutes on Wednesday, preliminary PMIs on Thursday. Reserve Bank of New Zealand (RBNZ) forecast to cut 25bps, Sweden's Riksbank forecast to keep rates on hold. CPI for eurozone (final), Japan, United Kingdom, Canada, South Africa.

-- CFTC FX positions: euro net longs reduced to 14.0%, yen longs cut to 21.1%. Sterling shorts raised to 18.1%, Australian dollar shorts increased to 51.3%, Canadian dollar (CAD or loonie) shorts upped to 40.7%, Swiss franc shorts rose to 34.9%, Mexican peso longs trimmed to 33.6%.

-- Nikkei +0.9%, EUR 10-year IRS unchanged at 2.73%, Brent crude +0.1% at $65.9/barrel, Gold +0.4% at $3,344/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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