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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 05:56 AM EDT

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

-- Risk tone positive, Brent closed below 50dma on Thursday (US$105/barrel). Secretary of State Rubio sees 'good signs' of the United States reaching a deal with Iran (FT), Iran says negotiation gaps have narrowed. Sweden's SEK best currency performer in G10 this week, taking over the baton from the Australian dollar (AUD), speculation cools over Reserve Bank of Australia tightening. Latin American, South Africa's ZAR outperforms Central and Eastern European, Asia. India's INR trims losses to 95.84 on touted Reserve Bank of India intervention.

-- Japan headline consumer price index slows to 1.4% year over year in April. Core excluding fresh food and energy down to a four-year low of 1.9% year over year from 2.4%. Base effects-driven CPI miss may not stop the Bank of Japan from hiking 25bps in June. USD/JPY flat at 159.00, 2s/10s Japanese government bonds flat at 135bps.

-- Day ahead: Federal Reserve speaker Waller. European Central Bank's Lagarde, Vujcic, Kazimir. Germany Ifo, France business confidence. Eurozone negotiated wages.

-- Nikkei +2.7%, EUR 10-year IRS -2.5bps at 3.10%, Brent crude +2.3% at US$104.9/barrel, Gold +0.15% at US$4,525/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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