SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 01/07/26 06:05 AM EST06:05 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.
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