SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 02/04/26 05:50 AM EST

05:50 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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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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