SocGen's Overnight Economic News Summary

BY MT Newswires | TREASURY | 09/16/25 05:46 AM EDT

05:46 AM EDT, 09/16/2025 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:

-- US dollar (USD) offered after United States Treasury yields reverse from 4.08% to 4.035%, short covering after weak New York Fed manufacturing survey, support 3.99%. Retail sales in focus for domestic demand in Q3. An appeals court in D.C. blocked President Trump from firing Federal Reserve Governor Lisa Cook.

-- United Kingdom average earnings excluding bonuses slow to 4.7% three-month/year-over-year in July, in line. Private sector moderates to 4.7%. Employment rises 232,000 three-month/over/three-month. Unemployment rate unchanged at 4.7%. Payrolled employees down 8,000 in August, July revised up to -6,000.

-- Day ahead: U.S. retail sales, industrial production, import prices, UST 20-year auction (tap). European Central Banj speaker Escriva. Germany ZEW survey. Canada's consumer price index, Poland's core CPI.

-- Nikkei +0.5%, EUR 10-year IRS unchanged at 2.66%, Brent crude +0.2% at $67.50/barrel, Gold +0.1% at $3683/oz.

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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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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