SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 06:10 AM EDT06:10 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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