SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 12/17/25 05:49 AM EST05:49 AM EST, 12/17/2025 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:
-- US dollar (USD) off payrolls (NFP) lows, oil rebounds 1.5% after President Trump ordered a blockade of sanctioned oil tankers going into and leaving Venezuela. 10-year United States Treasury up 2bps at 4.16% after defending the 100-day moving average (DMA) support on Tuesday (4.14%) post-employment data.
-- Japan trade balance surprisingly swings to 322.2 billion yen surplus in November, exports accelerate to a nine-month high of 6.1% year over year.
-- United Kingdom consumer price index below forecast, slows to 3.2% year over year in November (-0.2% month over month led by food, non-alcoholic beverages). Core dips to 3.2% year over year. Services cool to 4.4%. Bank of England 25bps cut nailed on Thursday. 10-year Gilts erase support at 4.46%, GBP/USD slips below 200DMA.
-- India: Rupee (INR) rebounds 0.7% on Reserve Bank of India intervention after sliding to a record low of 91.08/USD. Governor Malhotra in FT interview suggests the policy rate should remain low for a 'long period' of time.
-- Bank of Thailand lowers key rate by 25bps to 1.25%, vote is unanimous. Bank Indonesia leaves key rate unchanged at 4.75%.
-- Day ahead: Federal Reserve speakers Waller, Williams, Bostic. Germany Ifo business climate. Eurozone final CPI. South Africa's CPI.
-- Nikkei +0.3%, EUR 10-year IRS -1bp at 2.90%, Brent crude +1.5% at $59.8/barrel, Gold +0.45% at $4,322/oz.
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