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SocGen's Overnight Economic News

BY MT Newswires | ECONOMIC | 02/06/26 05:51 AM EST

05:51 AM EST, 02/06/2026 (MT Newswires) -- Societe Generale in its early Friday economic news summary pointed out:

-- Losses snowball for tech stocks, crypto correction deepens, Nasdaq -6.4% from January top, US dollar (USD) and United States Treasury safe-havens. 10-year UST touches 4.156% low (50dma 4.16%), Bund probing 2.83% (50dma). Profit taking in Scandinavian currencies and South Africa's ZAR. Indian rupee (INR) rally sold.

-- India: The central bank (RBI) leaves key repo rate unchanged at 5.25%, maintains neutral stance, growth outlook favorable on recent trade deals. USD/INR +0.5% at 90.85. 10-year IGB +5bps to 6.70% on the absence of new liquidity enhancement measures.

-- Sweden's consumer price index edges up to 0.4% year over year in January, CPIF dips to 2.0% year over year, core moderates to 1.7% from 2.3%, lowest since December 2021.

-- Day ahead: Canada's employment report (LFS), consensus 5,000 gains. Federal Reserve speaker Jefferson. European Central Bank's Kocher. Bank of England's Pill. ECB survey of professional forecasters. U.S.-Iran hold nuclear talks in Muscat.

-- Nikkei +0.8%, EUR 10-year IRS -1.5bps at 2.845%, Brent crude +1.4% at $68.5/barrel, Gold -0.2% at $4,858/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.

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