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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 10/24/25 05:45 AM EDT

05:45 AM EDT, 10/24/2025 (MT Newswires) -- Societe Generale in its early Friday economic news summary pointed out:

-- US dollar (USD) bid, United States Treasury yields steady ahead of U.S. CPI, PMIs. 10-year support 3.93%/3.86%, resistance 4.18%. Gold, silver, oil retrace. The U.S. terminates all trade negotiations with Canada, citing advertisement against President Trump's tariff plan.

-- Germany manufacturing PMI firms to 49.6 in October from 49.5, services leap to 54.5 from 51.5, the strongest since May 2023. France manufacturing little changed at 48.3 (new orders 45.5), services drop to 47.1versus 48.5 (new orders 47.4), lowest since February. United Kingdom manufacturing rebounds to 49.6, services climb to 51.1.

-- Japan's consumer price index accelerates to 2.9%% year over year in September from 2.7% in August. Core excluding food and energy slows to 3.0% year over year from 3.3%. October mfg PMI dips to 48.3 from 48.5, services fall to 52.4 from 53.3.

-- EU summit adopts 19th package of sanctions against Russia targeting energy infrastructure, bans liquefied natural gas (LNG) imports from 2027 and full transaction ban on oil majors Rosneft and Gazprom. Decision covering Russian assets delayed until December.

-- Day ahead: Fitch rating review of France (Aa3). U.S. CPI, SocGen forecasts headline 0.4% month over month, core 0.3%. European Central Bank speaker Nagel. U.S. and U.K. PMI.

-- Nikkei +1.1%, EUR 10-year IRS +2bps at 2.61%, Brent crude -0.5% at $65.7/barrel, Gold flat at $4,126/oz.

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

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