SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 05/12/26 05:55 AM EDT05:55 AM EDT, 05/12/2026 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:
-- Brent tops US$105/barrel and 10-year United States Treasury scales 4.42% amid United States/Iran deadlock, resistance 4.48% into Tuesday's U.S. consumer price index, 10-year refunding. President Trump: ceasefire with Iran on 'massive life support'. The U.S. imposed sanctions on 12 companies and individuals helping to facilitate the sale and shipment of oil from Iran to China.
-- United Kingdom: end nigh for Prime Minister Starmer? Cabinet split over exit and timetable. Over 70 Labour members of parliament reported to have explicitly called for the PM to resign, the threshold for a leadership contest is 81.
-- Day ahead: U.S. CPI, consensus headline 3.7% year over year, core 2.7%. 10-year UST refunding auction. Federal Reserve speaker Goolsbee. European Central Bank's Dolence. Germany ZEW survey. Germany and the U.K. benchmark auctions. CPI for India and Brazil.
-- Nikkei +0.6%, EUR 10-year IRS +3.5bps at 3.10%, Brent crude +1.1% at US$105.4/barrel, Gold -0.4% at US$4,697/oz.
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