SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 01/07/26 06:05 AM EST

06:05 AM EST, 01/07/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:

-- Bonds maintain overnight bid after Brent slips below $60/barrel, Australia's consumer price index below forecast. President Trump in post: Venezuela's interim authorities will be giving up as many as 50 million barrels of "High Quality, Sanctioned Oil" to the United States.

-- Australia's November CPI eases to 3.4% year over year from 3.8% in October, core slows to 3.2%. Reserve Bank of Australia on hold in February with +9bps priced in, asks SocGen. AUD/USD +0.3% at 0.6762, three-year AGB -0.8bp to 4.15%.

-- Day ahead: U.S. ADP employment, JOLTS job openings, ISM services, factory orders. Federal Reserve speaker Bowman. Eurozone flash CPI. Germany 10-year bond sale. European Central Bank speaker Pereira. The United Kingdom sells five-year Gilts. Czech Republic's CPI.

-- Nikkei -1.1%, EUR 10-year IRS -2.7bps at 2.879%, Brent crude -0.9% at $60.1/barrel, Gold -0.8% at $4,454/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