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

-- The US dollar and bond yields rangebound. Macro themes on hold, safe-haven including Swiss franc in demand on Ukraine/Russia escalation. Nvidia Q3 earnings beat, raised Q4 outlook on 'incredible' demand for AI semicon products. 20-year United States Treasury auction weak on Wednesday: tail 3.1bps, non-dealer demand 77.4%.

-- Day ahead: US weekly jobless claims, Philly Fed business outlook, leading index. Federal Reserve speakers Hammack, Goolsbee, Barr. European Central Bank's Lane, Elderson, Holzmann, Cipollone, Vujcic, Kazimir, Escriva, Patsalides. Bank of England's Mann. South Africa forecast to cut 25bps, Turkey's central bank to hold.

-- ECB's Villeroy says the central bank should continue to reduce restrictive policy, has full optionality at future meetings, no significant inflation hit from possible US tariffs, inflation could be sustainably at 2% in early 2025.

-- Norway's Q3 mainland gross domestic product expands 0.5% quarter over quarter -- excluding oil/platforms -- strongest since Q4 2022 on business investment. Private consumption flat.

-- Nikkei -0.85%, EUR 10-year IRS unchanged at 2.35%, Brent crude +0.7% at $73.0/barrel, Gold +0.2% at $2,657/oz.