SocGen's Overnight Economic News Summary

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SocGen's Overnight Economic News Summary

, MT Newswires - 5:44 AM ET 3/25/2025 default

05:44 AM EDT, 03/25/2025 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:

-- The US dollar up for the fifth day with the re-widening of United States Treasury/eurozone government bond spreads, rebalancing flows in play. Federal Reserve's Bostic (non-voter) sees one rate cut this year versus two previously.

-- SocGen sees next 25bps Federal Reserve rate cut likely in June, European Central Bank to deliver final cut in April. Sees stagflation risks in the United Kingdom, Bank of England to deliver 25bps cut per quarter until 3%. PBoC rate cut scope limited.

-- China: The central bank injects net CNY63 billion liquidity, the first net addition since July as it allows banks to bid for different prices on its one-year loans.

-- Day ahead: U.S. consumer confidence, Fed speakers Kugler and Williams, two-year UST auction. Germany Ifo business climate. ECB speakers Kazimir, Holzmann, Vujcic, Nagel. Hungary's central bank forecast to stay on hold.

-- Nikkei +0.5%, EUR 10-year IRS +1.5bps at 2.695%, Brent crude flat at $73/barrel, Gold +0.3% at $3,016/oz.

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