SocGen's Overnight Economic News Summary

MT Newswires
01 Apr

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

-- US dollar rangebound, 10-year United States Treasury dips to 4.18%, Bund slips to 2.71%. The U.S. will announce reciprocal country-based tariffs on Wednesday at 3 p.m. ET.

-- The Reserve Bank of Australia leaves CRT on hold at 4.10%, monetary policy remains restrictive, continued decline in underlying inflation is welcome, risks on both sides, sustainably returning inflation to target is the priority. Three-year AGB yield -3bps to 3.67%, AUD/USD +0.1% at 0.6255.

-- Japan Q1 Tankan large mfg falls to 12 from 14. Services climbs to 35 from 33. FY 25 average USD/JPY 147.06 and EUR/JPY 157.45.

-- China's private Caixin manufacturing PMI climbs to 51.2 in March from 50.8 in February. USD/CNH +0.2% at 7.2776.

-- Day ahead: U.S. ISM manufacturing, JOLTS job openings. Federal Reserve speaker Barkin. Eurozone flash consumer price index, SocGen forecasts 2.0%. European Central Bank speakers Cipollone, Lagarde, Lane. Bank of England's Greene.

-- Nikkei -0.1%, EUR 10-year IRS -3bps at 2.62%, Brent crude +0.6% at $74.9/barrel, Gold +0.6% at $3,136/oz.











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