SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 02/04/26 05:50 AM EST05:50 AM EST, 02/04/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:
-- United States yields firm ahead of APD and ISM services, 10-year resistance 4.30/4.35%. Yen (JPY) slides on carry demand, AUD/JPY nears 110. USD/JPY squeezes above 50dma (156.25). Gold regained more than 50% of the correction from the recent top; 61.8% retracement at $5140. United States nonfarm payrolls (NFP) won't be published on Friday due to delays over partial government shutdown.
-- China's RatingDog PMI services inches up to 52.3 in January from 52.0. Composite rises to 51.6 from 51.3 in December.
-- Day ahead: Eurozone flash consumer price index. U.S. ADP employment, ISM services, Treasury quarterly refunding announcement. Poland's central bank (NBP) to stay on hold.
-- Nikkei -0.8%, EUR 10-year IRS unchanged at 2.90%, Brent crude +0.7% at $67.8/barrel, Gold +2.8% at $5,069/oz.
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