SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 03/03/26 05:51 AM EST05:51 AM EST, 03/03/2026 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:
-- Still risk off. Inflation fears on energy and shipping lane disruption lift bond yields, central banks repriced. United States says big wave of military strikes against Iran yet to come. Iran threatens full closure of Strait of Hormuz. Brent consolidates near $80/barrel, natural gas squeezes above EUR55/MWh after the halting of gas exports from Qatar's liquefied natural gas facility. EUR/USD breaks below 200dma (1.1669), support 1.1573 (January low). U.S. 10-year +5bps to 4.08%, Bund +6bps at 2.77%. Bank Indonesia intervenes to defend the rupiah (IDR).
-- Day ahead: Eurozone flash consumer price index. Germany's five-year auction. European Central Bank speakers: Kocher, Sleijpen. Federal Reserve speakers Williams, Kashkari. United Kingdom Budget Spring Statement. Czech and Brazil Q4 gross domestic product.
-- Nikkei -3.1%, EUR 10-year IRS +3.5bps at 2.768%, Brent crude +4.4% at $81.1/barrel, Gold +0.3% at $5,323/oz.
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