SocGen's Overnight Economic News Summary

05:51 AM EDT, 10/14/2025 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:

-- Risk off, 10-year Bund yield opens gap down and below 200dma (2.598%), support 2.57%/2.53%. United States Treasury yields approach September lows before Federal Reserve Chair Powell speech, 10-year slips to 4.015% (September low 3.988%), 2s at 3.47%. U.S./China held working-level talks on Monday. Beijing reiterates that export control measures on rare earth and other related items don't prohibit exports, threatens further retaliatory measures against U.S. curbs on the shipping sector.

-- France: Prime Minister Lecornu presents the draft budget on Tuesday, to deliver statement in parliament at 3 p.m. CET.

-- United Kingdom average earnings excluding bonuses slow to 4.7% 3-month/over/year-on-year in August. Private sector falls to 4.4%, public sector up to 6.0%. Employment +91,000 3-month/over/3-month. Unemployment rate up 0.1pp to 4.8%. Payrolled employees +25,800 in September, August revised down to -2,000.

-- Day ahead: Fed Chair Powell speech and Q&A at NABE conference. Other speakers: Bowman, Waller, and Collins. Germany ZEW survey. European Central Bank speakers Cipollone, Makhlouf, Kocher and Villeroy. Bank of England's Taylor and Bailey.

-- Nikkei -2.8%, EUR 10-year IRS -3bps at 2.60%, Brent crude -0.5% at $63.0/barrel, Gold flat at $4,103/oz.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.