SocGen's Overnight Economic News Summary

05:44 AM EDT, 10/21/2025 (MT Newswires) -- Societe Generale in its early Tuesday economic new summary pointed out:

-- United States Treasury yields down with oil, US dollar (USD) up, U.S. Tech momentum bullish, Apple shares advance to record on optimism over new iPhone sales. U.S. five-year BEIR dips to a three-month low of 2.30%, 10-year UST supports 3.934%. EUR/USD fades below 1.1650. EUR/CHF approaches the November 2024 low of 0.9206. China's central bank (PBoC) fixes the yuan (CNY) reference rate at 7.0930, the lowest level since October.

-- Japan's lower house votes in favor of Sanae Takaichi as new prime minister. Bank of Japan sources: no urgency to raise rate next week, even as the economy is making progress toward achieving the price target, uncertainty high over developments in the U.S. economy and their effects on Japan.

-- United Kingdom public deficit widens to 20.2 billion pounds in September, boosts FY to-date to 99.8 billion pounds, 7.3 billion pounds above OBR forecast. Debt interest payments swell by 9.7 billion pounds to 59.6 billion pounds FY to-date versus 45.2 billion pounds equivalent last year.

-- Day ahead: European Central Bank speakers Escriva, Kocher, Lane and Lagarde. Canada's consumer price index. Hungary's central bank (MNB) is forecast to stay on hold at 6.50%.

-- Nikkei +0.2%, EUR 10-year IRS -1.5bps at 2.568%, Brent crude -0.4% at $60.7/barrel, Gold -0.3% at $4,334/oz.

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