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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 01/22/26 05:53 AM EST

05:53 AM EST, 01/22/2026 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:

-- Risk on, VIX -15.8% to 16.9 after NATO/United States off-ramp on Greenland. President Trump drops tariff threat on European Union countries after agreeing to "framework of future deal" with NATO Secretary General Rutte, sovereignty of Greenland not discussed. EU ambassadors and leaders meet on Thursday. 10-year U.S. Treasury steady at 4.25%, 200dma at 4.23%, jobless claims and PCE inflation ahead.

-- Australia employment gains 65,200 jobs in December, full-time 54,800, unemployment rate drops to 4.1%, lowest since last May. AUD/USD accelerates above 0.68-handle, three-year AGB +10bps at 4.27%, highest since November 2023. Reserve Bank of Australia rate hike priced for May.

-- Norway's Norges Bank keeps rate on hold at 4.0%, repeats outlook for further reduction in the course of the coming year but not in hurry.

-- Day ahead: U.S. PCE, consensus 0.2% month over month for headline and core, weekly jobless claims, Q3 gross domestic product final read. European Central Bank accounts of the December meeting. Turkey's central bank (CBT) forecast to cut 150bps to 36.50%.

-- Nikkei +1.7%, EUR 10-year IRS unchanged at 2.90%, Brent crude -0.3% at $65.0/barrel, Gold +0.2% at $4,835/oz.

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

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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.

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