- USDTHB : moving in the range 34.06-34.12 this morning, supporting level of USDTHB is around 34.00 resistance level is around 34.15
- SET Index: 1,638.8 (+0.31%), 27 May 2022
- S&P 500 Index: 4,158.2 (2.44%), 27 May 2022
- Thai 10-year government bond yield (interpolated): 2.90% (-3.75 bps), 27 May 2022
- US 10-year treasury yield: 2.74 (-1.0 bps), 27 May 2022
- US PCE Inflation Slows in April
- US Goods Trade Deficit Narrows from Record High
- BOJ vows to patiently continue powerful monetary easing
- Thailand Exports Growth Eases to 3-Month Low
- Asia Stocks, US Futures Rise as China Curbs Eased
US PCE Inflation Slows in April The personal consumption expenditure price index in the United States increased 0.2% month-over-month in April of 2022, much less than a 0.9% rise in March. The annual rate also slowed to 6.3% from a record high of 6.6%. Energy prices increased 30.4%, less than 33.9% in March but food inflation quickened to 10%. Also, the annual core rate, Fed’s preferred gauge of inflation, eased to a 4-month low of 4.9% from 5.2% in the prior month, being a sign that price increases could be slowing.
US Goods Trade Deficit Narrows from Record High US goods trade deficit narrowed to $105.9 billion in April of 2022 from $125.9 billion in March, as exports increased while imports fell. Exports were up 3.1 percent to a new all-time high of $173.9 billion with the biggest increases reported for foods, feeds & beverages (13.3 percent), industrial supplies (2.7 percent), and capital goods (2.6 percent). In contrast, imports fell by 5.0 percent to $279.9 billion, on lower purchases of industrial supplies (-8.2 percent), consumer goods including motor vehicles (-7.9 percent), and capital goods (-3.9 percent).
BOJ vows to patiently continue powerful monetary easing Bank of Japan Governor Haruhiko Kuroda pledged on Monday to patiently stick to powerful monetary easing to help the economy recover from the COVID-19-induced doldrums. Kuroda also told parliament the yen was regaining stability from recent rapid weakening that was "undesirable".
Thailand Exports Growth Eases to 3-Month Low Exports from Thailand grew by 9.9% from a year earlier to USD 23.52 billion in April of 2022, easing sharply from a 19.5% jump a month earlier and far below market consensus of 14.6%This latest reading marked the slowest pace of expansion in shipments since the start of the year, amid lingering supply chain disruptions due to Russia's invasion of Ukraine. Exports grew for both agricultural and agro-industrial products (10.8 percent) and industrial products (8.3 percent), namely gems and jewelry (48.5 percent), iron, steel and their products (25.6 percent). By contrast, exports fell for automobile, equipment and parts (-10.9 percent), computers, equipment and parts (-30.7 percent), and rubber products (-5.2 percent). Exports increased to the US (13.6 percent), while declined to China (-7.2 percent), Japan (-0.3 percent), and Russia (-77 percent).
Asia Stocks, US Futures Rise as China Curbs Eased The 10-year government bond yield (interpolated) on the previous trading day was 2.90, -3.75 bps. The benchmark government bond yield (LB31DA) was 2.83, -3.00 bps. LB31DA could be between 2.75-2.90. Meantime, the latest closed US 10-year bond yields was 2.74, -1.00 bps. USDTHB on the previous trading day closed around 34.17 Moving in a range from 34.06-34.12 this morning. USDTHB could be closed between 34.00-34.15 today. Stocks in Asia and US futures advanced on Monday after China eased some virus curbs and Wall Street had its best week since November 2020.
