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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 05:55 AM EDT

05:55 AM EDT, 03/11/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:

-- The US dollar (USD) is rangebound ahead of the consumer price index, 10-year auction. Bunds resume sell-off on European Central Bank comments. Risk sentiment improves, oil steady around $87.5/barrel, natural gas -1.1% at EUR46.9/MWh. IEA proposes record release of oil reserves, exceeding the 182 million barrels released in 2022 after Russia invaded Ukraine (WSJ). Weak United States Treasury three-year auction tailed 1.2bps, non-dealer bidding 80.5%, bid-to-cover ratio 2.55 times.

-- President Lagarde: ECB will ensure the war in Iran doesn't trigger the same inflation shock for the eurozone as Russia's invasion of Ukraine, says economic backdrop is different now and the eurozone has greater capacity to absorb shocks. Nagel: The ECB will move quickly and decisively if more expensive fuel due to the Iran war feeds into durably higher inflation. Villeroy: ECB won't let inflation set in, may slightly increase French 2026 inflation forecast.

-- Day ahead: U.S. CPI, SocGen forecasts headline 0.2% month over month, core 0.4%; trade balance, Federal Reserve speaker Bowman, 10-year UST auction. ECB speakers de Guindos and Schnabel. Bank of England's Breeden. Germany benchmark auction.

-- Nikkei +2.7%, EUR 10-year IRS +5bps at 2.91%, Brent crude -0.2% at $87.6/barrel, Gold -0.6% at $5,197/oz.

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

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