SocGen's Overnight Economic News Summary

05:55 AM EDT, 06/22/2026 (MT Newswires) -- Societe Generale in its early Monday economic news summary pointed out:

-- Brent -1.9% at US$79.1/barrel, two-year United States Treasury yield climbs to new post-FOMC high, September +25bps nailed on, second hike by March 2027.

-- The U.S. and Iran make "encouraging progress" in the first round of talks in Switzerland; agree to a roadmap toward reaching a final deal within 60 days, "de-confliction cell" set up to ensure military operations end in Lebanon, a high-level committee to oversee mediation and "line of communication" for the Strait of Hormuz.

-- British Prime Minister Keir Starmer resigns.

-- Week ahead: Preliminary PMIs for the U.S., eurozone, United Kingdom. U.S. Q1 gross domestic product and PCE, University of Michigan sentiment. European Central Bank economic bulletin, German Ifo business climate. Mexico's central bank is forecast to hold, Hungary's central bank is forecast to cut rates by 25bps. The consumer price index for Canada, Australia and Tokyo.

-- S&P futures -0.18%, Nikkei +2%, EUR 10-year IRS -2bps at 3.01%, Gold +1.1% at US$4,203/oz.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.