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SocGen's Overnight Economic News Summary

BY MT Newswires | TREASURY | 01/08/26 05:54 AM EST

05:54 AM EST, 01/08/2026 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:

-- Brent crude defends $60/barrel, US dollar (USD) mildly bid, 10-year United States Treasury yield reverses ISM gain, declines to 4.13% on lower oil. Strong ISM skews risk to higher services payrolls (NFP) on Friday. Reserve Bank of India steps up foreign exchange intervention in the rupee (INR) for the second day.

-- Greenland: European Union ambassadors meet on Thursday in the Political and Security Committee. U.S. Secretary of State Rubio intends to discuss a U.S. acquisition of Greenland with Danish officials next week (Politico).

-- Reserve Bank of Australia Deputy Governor Hauser: prefers taking a one- to two-year view on inflation rather than reacting to monthly data. Implied odds of February rate hike fall to 27% from 39% pre-consumer price index. AUD/USD -0.4%, three-year ACGB -8.5bps to 4.067%, 10-year -9bps to 4.66%

-- Sweden's CPIF slows to 2.1% year over year in December, excluding energy, cools to 2.3%, Q4 average 2.5% or 0.08pp below Riksbank forecast.

-- Swiss CPI ticks up to 0.1% year over year in December versus 0% in November. Core up to 0.5%. Goods drop to -1.7%, services edge up to 1.2%.

-- Day ahead: U.S. weekly jobless claims, trade balance. France benchmark auction. Mexico and Chile CPI.

-- Nikkei -1.6%, EUR 10-year IRS +1.8bps at 2.88%, Brent crude +0.5% at $60.3/barrel, Gold -0.4% at $4,431/oz.

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

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