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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 04/22/26 05:56 AM EDT

05:56 AM EDT, 04/22/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:

-- Risk mildly bid, Brent retraces to US$97.7/barrel from US$101.2/barrel after United States President Trump extends Iran ceasefire indefinitely. Iran: resumption of negotiations conditional on the U.S. lifting the blockade. New Zealand dollar (NZD), Australian dollar (AUD), Mexican peso (MXN), South African rand (ZAR) lead gains versus US dollar (USD). Bond yields consolidate overnight Tuesday's gains, bear flattening after solid U.S. retail sales. Warsh in chair confirmation hearing at the Senate defends Federal Reserve independence, signals different policy approach on rates, guidance, balance sheet.

-- United Kingdom March consumer price index accelerates to 3.3% year over year from 3.0% in February on fuel, core dips to 3.1% year over year. Services accelerate to 4.5%, goods pick up to 2.1% from 1.6%. Bank of England forecasts no meaningful slowing of inflation between Q1 and Q2 and average around 3%.

-- Day ahead: European Central Bank speakers Dolenc, Muller, Lane, Sleijpen, Nagel, Lagarde. 20-year U.S. Treasury auction. Turkey's central bank (CBT) forecast to stay on hold at 37.0%, while SocGen estimates a 300bps hike to 40.0%. South Africa's CPI.

-- Nikkei +0.4%, EUR 10-year IRS -1.5bps at 3.025%, Brent crude -0.7% at US$97.7/b, Gold +1.2% at US$4,765/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.

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.

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