SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 09/11/25 06:48 AM EDT06:48 AM EDT, 09/11/2025 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:
-- US dollar (USD) bid in tight range ahead of the consumer price index, 10-year United States Treasury closing in on 4.0% after the downside surprise for the producer price index, support 4.04%/3.95%, resistance 4.18%. 10-year UST auction solid: stop through 1.3bps, non-dealer bidding record 95.8%. UST 2y/10y flattens to 50bps.
-- South Korea: early September exports rose 3.8% year over year, imports up 11.1%. Separately, President Lee Jae Myung warns that the U.S. immigration raid detaining over 300 Korean workers may significantly impact future direct investments into the U.S.
-- Day ahead: European Central Bank is forecast to stay on hold, signal policy appropriate. U.S. CPI, SocGen forecasts +0.3% for headline and core, weekly jobless claims, 30-year UST auction. Italy benchmark auction. Turkey central bank forecast to cut 200bps. Brazil retail sales.
-- Nikkei +1.2%, EUR 10-year IRS steady at 2.61%, Brent crude -0.1% at $67.4/barrel, Gold -0.3% at $3,633/oz.
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