- USDTHB : moving in the range 36.58-36.64, supporting level of USDTHB is around 36.55 resistance level is around 36.70
- SET Index : 1,533.4 (-0.22%), 15 Jul 2022
- S&P 500 Index : 3,863.2 (+1.90%), 15 Jul 2022
- Thai 10-year government bond yield (interpolated) : 2.60, (+0.63 bps), 15 Jul 2022
- US 10-year treasury yield: 2.93 (-3.00 bps), 15 Jul 2022
- US Consumer Sentiment Rebounds from Record Low
- US Business Inventories Above Expectations
- China steps up loan-support efforts to developers amid mortgage boycott
- Asia shares bounce, euro on edge for ECB and gas test
US Consumer
Sentiment Rebounds from Record Low
The
University of Michigan consumer sentiment for the US increased to 51.1 in July
of 2022 from a record low of 50 in June, beating market forecasts of 49.9,
preliminary estimates showed. The current economic conditions subindex went up
to 57.1 from 53.8 but the expectations gauge declined further to 47.3, the
lowest since May of 1980, from 47.5. Meanwhile inflation expectations declined
for both the year-ahead (5.2% vs 5.3%) and the 5-year outlook (2.8% vs 3.1%).
US Business Inventories Above Expectations The US inventories of manufacturer and trade rose 1.4 percent from a month earlier in May of 2022, picking up from an upwardly revised 1.3 percent gain in the prior month and slightly above market expectations of a 1.3 percent increase. Stocks rose at a faster pace for manufacturers (1.3 percent vs 0.8 percent in April) and retailers (1.1 percent vs 0.8 percent), while inventory growth eased for merchant wholesalers (1.8 percent vs 2.3 percent). Year-on-year, business inventories jumped by 17.7 percent in May.
China steps up loan-support efforts to developers amid mortgage boycott Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects as the property sector faced fresh risks from a widening mortgage-payment boycott on unfinished houses. The remarks come as a growing number of home buyers across China threatened to stop making their mortgage payments for stalled property projects, aggravating a real estate crisis that has already hit the economy. The China Banking and Insurance Regulatory Commission (CBIRC) expressed confidence that with concerted efforts, all the difficulties and problems will be properly solved. This news helped banking and property stocks recover some of their recent losses. Meanwhile, Chinese real estate stocks gained more than 2% on the mainland, and jumped nearly 5% in Hong Kong.
Asia shares bounce, euro on edge for ECB and gas test
The
10-year government bond yield (interpolated) on the previous trading day was
2.60, +0.63 bps. The benchmark government bond yield (LB31DA) was 2.52, +2.00
bps. LB31DA could be between 2.47-2.57. Meantime, the latest closed US 10-year
bond yields was 2.93, -3.00 bps. USDTHB on the previous trading day closed
around 36.67 Moving in a range of 36.58-36.64 this morning. USDTHB could be
closed between 36.55-36.70 today. Asian shares inched higher on Monday
following a much-needed bounce on Wall Street. BOJ maintains its status quo
despite weak yen. Nerves are stretched ahead of a near-certain interest rate
hike in Europe and another round of corporate earnings reports, meanwhile Euro
remains vulnerable to gas worries.
Sources : ttb analytics , Bloomberg, CNBC, Tradingeconomics, Investing, CEIC
