SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 06:10 AM EDT

06:10 AM EDT, 06/09/2026 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:

-- Brent off 1% to US$93.3/barrel. President Trump: peace deal "within two or three days," agreement would allow the Strait of Hormuz to reopen immediately and ban Iran from having nuclear weapons. Iran: will resume attacks if Israeli strikes in southern Lebanon continue. 10-year United States Treasury -1.5bps at 4.545%, support 4.53%. Germany's Bund dips to 3.05%, support 3.03%.

-- Japan: The central bank (BoJ) is set to raise rates to 1% next week, with scope for additional tightening beyond that, discuss pausing or ending quarterly reduction in bond buying (Nikkei). 10-year Japanese government bond -5bps to 2.655%.

-- China trade surplus widens to US$105.4 billion in May from US$84.82 billion in April. Exports up19.4% year over year led by Artificial Intelligence equipment.

-- Day ahead: U.S. trade balance, ADP weekly employment. European Central Bank speaker Moulin speaks at the Europlace finance forum in Paris, Germany sells 2033, 2035, 2053 bonds. Mexico's consumer price index.

-- Nikkei +2.1%, EUR 10-year IRS -1bp 3.10%, Gold -0.1% at US$4,338/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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