Societe Generale in its early Thursday economic news summary pointed out:

-- Asia/US dollar, Asian stocks extend gains. China's politburo vows to implement 'forceful' rate cuts and ensure necessary fiscal spending, mulls $142 billion injection into state banks, handouts/subsidies before Oct. 1 holiday to boost confidence.

-- Swiss central bank cuts 25bp to 1.0% in President Jordan's final meeting, remains willing to intervene in foreign exchange markets. Inflation forecast downgraded across the horizon, 0.7% in 2026. Further rate cuts may be necessary.

-- Japan: Ruling party's LDP leadership election on Friday, choice for critic of Bank of Japan could add fuel to rebound in USD/JPY. Parliament to elect a new prime minister on Oct. 1. AUD/JPY near 200dma (100.00).

-- Day ahead: United States Federal Reserve speakers Powell, Collins, Kugler, Bowman, Williams, Barr, Cook and Kashkari. European Central Bank's Lagarde, Guindos and Schnabel. US durable goods orders, weekly jobless claims. Mexico's central bank rate decision: SocGen forecasts 25bps reduction to 10.50%.

-- Nikkei +2.6%, EUR 10-year IRS steady at 2.42%, Brent crude -3.1% at $71.1/barrel, Gold +0.2% at $2,662/oz.