SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 10/22/25 05:54 AM EDT

05:54 AM EDT, 10/22/2025 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:

-- Gold and silver stabilize after correcting on Tuesday, blip or start of deeper mean reversion? 10-year United States Treasury steady at 3.96%, Germany's Bund at 2.55%, United Kingdom's Gilts down to 4.39%. U.S. shutdown impasse moves beyond third week.

-- U.K.'s consumer price index unchanged at 3.8% year over year in September, below forecast. Bank of England estimates Q3 peak 4.0%. Core slips to 3.5%. Services unchanged 4.7%, goods edge up to 2.9%

-- Day ahead: European Central Bank speakers Lagarde, Guindos. South Africa CPI. U.S. 20-year auction, Germany sells seven-year notes.

-- Nikkei +0.2%, EUR 10-year IRS unchanged at 2.555%, Brent crude +1.7% at $62.4/barrel, Gold +0.6% at $4,140/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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