SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 05:58 AM EST

05:58 AM EST, 01/14/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary:

-- Bond yields rangebound after below forecast United States core consumer price index, Federal Reserve pricing unchanged. 30-year U.S. Treasury auction solid, stop through 0.9bp non-dealer bidding 88%. USD/JPY crosses 150-handle, ministry of finance quiet. Silver climbs to record $91.50/oz. Bank Indonesia intervenes in FX markets with rupiah (IDR) near 17,000 per USD.

-- Greenland: Secretary of State Rubio meets Danish and Greenlandic foreign ministers on Wednesday at White House. "Greenland not for sale. We choose NATO, we choose the Kingdom of Denmark, we choose the EU," said a statement by Denmark Prime Minister Fredriksen and the chairman of the government of Greenland.

-- China's December trade surplus climbs to $114.1 billion, exports up 6.6% year over year. Surplus for 2025 totals record $1.2 trillion, U.S. share of exports fell to a historic low of 11%. USD/CNY dips to 6.9725 low.

-- Day ahead: U.S. retail sales and producer price index. Federal Reserve speakers Paulson, Miran, Kashkari, Bostic and Williams. European Central Bank's Guindos. Bank of England's Taylor and Ramsden. Poland's central bank (NBP) forecast to stay on hold. Germany 15-, 25- and 30-year bond auctions.

-- Nikkei +1.4%, EUR 10-year IRS steady at 2.85%, Brent crude -0.6% at $65.1/barrel, Gold +0.9% at $4,634/oz.

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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.

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