SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 09/17/25 05:45 AM EDT05:45 AM EDT, 09/17/2025 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:
-- Currencies, bonds, stocks positioned for dovish 25bps Federal Reserve rate cut. EUR/USD up to 1.1878 high, GBP/USD 1.3668, USD/CNH below 7.11, USD/BRL sub-5.30. The two-year United States Treasury support 3.46%/3.43%/3.40%, resistance 3.60%. 10-year UST support 3.99%/3.95%, resistance 4.18%.
-- United Kingdom consumer price index steady at 3.8% year over year in August, core moderates to 3.6%. Services slow to 4.7% year over year from 5.0% in July, below the forecast.
-- Day ahead: FOMC forecast to cut 25bps (consensus), SocGen calls for 50bps. Dot-plot to show two more cuts this year (one additional versus June), and one more in 2026? Bank of Canada -25bps in the balance. European Central Bank speakers Lagarde, Muller, Escriva, Cipollone, Pereira, Nagel. ECB wage tracker. Brazil's central bank (BCB) forecast to maintain Selic rate at 15.0%. South Africa's CPI.
-- Nikkei -0.1%, EUR 10-year IRS unchanged at 2.65%, Brent crude -0.3% at $68.30/barrel, Gold -0.3% at $3,676/oz.
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