- USDTHB: moving in the range 33.43-33.45 this morning supportive level at 33.35 resistance level at 33.65
- SET Index: 1,128.7 (-0.5%), 11 Apr 2025
- S&P 500 Index: 5,396.6 (-0.2%), 15 Apr 2025
- Thai 10-year government bond yield (interpolated): 1.985 (+1.02 bps), 11 Apr 2025
- US 10-year treasury yield: 4.35 (-3.0 bps), 15 Apr 2025
- Trump excludes smartphones and computers from latest tariffs
- US PPI unexpectedly fall in March
- German investor outlook sinks amid US trade turmoil
- China orders Boeing jet delivery halt as trade war expands
- Chinese exports surge before US tariffs set to disrupt trade
- US Dollar rebounds modestly but uncertainty looms over long-term prospects
Trump excludes smartphones and computers from latest tariffs
President Trump’s administration exempted smartphones, computers, and other electronics from reciprocal tariffs, providing relief to tech companies like Apple and Nvidia. The exemptions remove these products from the 125% China tariff and the 10% global tariff on other countries. Nonetheless, he signaled chip and drug tariffs are coming. In addition, Trump stated that he is considering temporary exemptions from tariffs on imported cars and auto parts, aiming to give automakers additional time to establish U.S.-based production.
US PPI unexpectedly fall in March
Both headline and core PPI depicted slowdown patterns and dipped below market expectations. This softer-than-expected inflation report suggests a similarly soft reading for the core PCE index. The sharp drop in airline fares, a key part of PCE, should exert downward pressure on PCE prices. Most other components were also weaker than in the previous period.
German investor outlook sinks amid US trade turmoil
German investor confidence plunged as Trump’s trade moves threatened recovery. The ZEW index fell to -14 from 51.6, far below forecasts. Initial optimism about Germany’s new government boosting spending quickly faded after Trump imposed tariffs on cars and the EU.
China orders Boeing jet delivery halt as trade war expands
China has halted Boeing jet deliveries and suspended purchases of U.S. aircraft parts amid rising trade tensions, Bloomberg reports. Jets with completed paperwork before China’s April 12 tariffs may still be allowed in on a case-by-case basis.
Chinese exports surge before US tariffs set to disrupt trade
China’s exports jumped 12.4% in March, beating forecasts, and boosting the economy ahead of new US tariffs. Imports fell 4.3%, widening the trade surplus to $102.6 billion. Exports to the US rose 8.8%, rebounding from an 11% drop in February.
US Dollar rebounds modestly but uncertainty looms over long-term prospects
The 10-year government bond yield (interpolated) on the previous trading day was 1.985, +1.02 bps. The benchmark government bond yield (LB353A) was 1.98, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.35, -3.0 bps. USDTHB on the previous trading day closed around 33.70, moving in a range of 33.43 – 33.45 this morning. USDTHB could be closed between 33.35 – 33.65 today. The dollar rose on Tuesday, ending a 3-day losing streak as major currencies weakened. The White House said over 15 trade deals are in the works, though the EU expects tariffs to remain due to stalled talks. US-China tensions grew as China halted Boeing jet deliveries. Economic data was mixed: import prices dropped, exports were flat, NY Fed manufacturing beat expectations, but prices paid rose and the outlook worsened. The euro dipped below 1.1300, pressured by weak German ZEW data and EU-US trade talk pessimism. The Japanese yen slipped slightly as USD firmed, but gains were capped by soft US yields and muted risk appetite.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
