SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 12/18/25 06:06 AM EST

06:06 AM EST, 12/18/2025 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:

-- Major currencies rangebound before European Central Bank, Bank of England, European Union Council summit. 10-year United States Treasury on 4.14% before the U.S. consumer price index, jobless claims. Brent crude rebounds above $60/barrel. Nasdaq closed at a near four-week low on Wednesday. The Indian rupee (INR) fights back for the second day.

-- Japan: international investors bought net 1.41 trillion yen ($9.1 billion) of Japanese government bonds (JGB) last week, the most in eight months. Foreign portfolio investments on track to buy most JGBs this year since at least 2005 as yields climb to multi-decade highs.

-- Day ahead: ECB forecast to stay on hold, to raise gross domestic product estimate. BoE forecast to cut 25bps to 3.75%. U.S. November CPI, SocGen forecasts headline and core +0.3% month over month. U.S. weekly jobless claims. The Czech central bank (CNB) is forecast to stay on hold and Mexico's Banxico is estimated to reduce by 25bps.

-- Nikkei -1.0%, EUR 10-year IRS -1bp at 2.92%, Brent crude +0.8% at $60.2/barrel, Gold -0.2% at $4,333/oz.

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

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.

fir_news_article