SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 04/15/26 05:54 AM EDT

05:54 AM EDT, 04/15/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:

-- Brent consolidates around US$95/barrel, bond yields steady near weekly lows after "benign" United States producer price index. Bund curve bull steeper after European Central Bank President Lagarde comments on Tuesday at the International Monetary Fund.

-- ECB President Lagarde: eurozone economy between baseline and adverse scenario, not severe. On energy: the eurozone is less affected by the impact of a war today compared with 2022. On monetary policy: we must be agile and ready to move in the direction required, data dependent, not rate path that I can confirm today, don't know honestly.

-- Day ahead: U.S. import and export prices. Federal Reserve Beige Book, speakers Barr, Bowman. ECB's Lagarde, Schnabel, Villeroy, Escriva and Cipollone. Bank of England's Bailey. Swiss SNB's Schlegel.

-- Nikkei +0.4%, EUR 10-year IRS -2bps at 3.03%, Brent crude -0.2% at US$94.6/barrel, Gold +0.1% at US$4,816/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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