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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 10/23/25 05:44 AM EDT

05:44 AM EDT, 10/23/2025 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:

-- US dollar broadly bid with oil, Unite States Treasury yields steady after solid 20-year auction. Brent crude up 3.6% after the U.S. imposes sanctions on Russian oil producers including Rosneft and Lukoil, pushing for Ukraine peace talks. India's oil imports from Russia set to fall to near zero by year-end. European Union to adopt new package of sanctions on Thursday, including a ban on liquefied natural gas imports.

-- South Korea: Bank of Korea leaves rates on hold at 2.50% as expected. Governor Rhee reiterates will maintain easing bias while adjusting timing and pace of any further rate cuts (less dovish). USD/KRW tops 1,440 for the first time in six months.

-- Day ahead: European Central Bank speaker Lane. Eurozone consumer confidence. Turkey's central bank (CBT) forecast to cut 150bps (SocGen sees -100bps).

-- Nikkei -1.3%, EUR 10-year IRS +1bp at 2.585%, Brent crude +3.6% at $64.8/barrel, Gold +1.5% at $4121/oz.

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

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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.

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