SocGen's Overnight Economic News Summary

05:50 AM EST, 11/27/2025 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:

-- US dollar (USD) drifts lower in Asia, DXY closed below 200dma on Wednesday (99.71), 10-year United States Treasury below 4.0%. 7Seven-year UST auction tailed 0.6bp, non-dealer bidding 86.9%. Sterling (GBP) extends post-budget gains on bull flattening in 2s/10s and 10s/30s Gilts; 10-year steady at 4.42% after 7bps slide, Bank of England December cut nailed on at -23bps.

-- Fed Beige Book: economic activity was little changed in most parts since mid-October, consumer spending declined, employment declined slightly, and inflation rose moderately due to tariff-induced increases. Outlook largely unchanged.

-- Bank of Korea leaves key rate on hold 2.50%, statement signals lower likelihood of additional easing. Governor Rhee says rate near neutral level considering financial stability. USD/KRW -0.1% at 1,467. 3y KTB yield +10bps at 3.0%.

-- Day ahead: U.S. markets closed for Thanksgiving. European Central Bank speakers Villeroy and Guindos. ECB accounts of the October policy meeting. BoE's Greene. Italy benchmark auction.

-- Nikkei +1.3%, EUR 10-year IRS unchanged at 2.72%, Brent crude -0.3% at $62.9/barrel, Gold -0.2% at $4,158/oz.

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