SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 09/12/25 06:42 AM EDT06:42 AM EDT, 09/12/2025 (MT Newswires) -- Societe Generale in its early Friday economic news summary pointed out:
-- US dollar (USD) off lows in Asia, 10-year United States Treasury yield recovers from dip below 4.0%. Above forecast increase in weekly jobless claims, tame August core consumer price index cement rate cut next week at the Federal Reserve. "Decent" 30-year UST auction stop through 0.1bp, non-dealer bidding at 90.0%.
-- U.S.-Japan finance ministers joint statement -- commit to transparent currency policies. Won't manipulate currency for competitive advantage.
-- United Kingdom July gross domestic product 0.0% month over month, 0.2% three-month/over/three-month, in line with forecast. Services 0.1%, manufacturing -1.3%, construction 0.2%, trade deficit little changed at 22.2 billion pounds.
-- Day ahead: France ratings update by Fitch after-market (AA-, negative outlook). European Central Bank speakers Kocher, Rehn and Nagel. University of Michigan preliminary sentiment. India's consumer price index.
-- Nikkei +0.8%, EUR 10-year IRS +2bps at 2.62%, Brent crude -0.8% at $65.8/barrel, Gold +0.3% at $3,648/oz.
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