- USDTHB : moving in the range 33.00 – 33.08 this morning, Dollar index was up 0.23% to 98.175 this morning, supporting level of USDTHB is around 32.80,33.00 resistance level is around 33.30
- SET Index: 1,643.6 (+1.56%), 9 Mar 2022
- S&P 500 Index: 4,277.9 (+2.54%), 9 Mar 2022
- Thai 10-year government bond yield (interpolated) : 2.26% (+3.00 bps), 9 Mar 2022
- US 10-year treasury yield: 1.94 (+8.00bps), 9 Mar 2022
- U.S. labor market very tight, job openings near record high in January
- Oil rebounds after UAE says it is committed to OPEC+ supply pact
- China’s Factory Inflation Eases, but Rising Commodity Prices Remains a Risk
- Dollar, Euro Up Over Ukraine-Russia Talks
U.S. labor market very tight, job openings near record high in January
U.S. job openings fell in January, but remained near record highs as worker shortages persisted, pointing to a tight labor market that will continue to generate strong wage gains and contribute to keeping inflation high. Job openings, a measure of labor demand, dropped 185,000 to 11.263 million on the last day of January, the Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS report. Data for December was revised higher to show a record 11.448 million job openings instead of the previously reported 10.925 million. The government revised the 2021 data.
Oil rebounds after UAE says it is committed to OPEC+ supply pact
Oil prices rebounded on Thursday after the United Arab Emirates said it is committed to major producers' pact to add 400,000 barrels per day of supply monthly, hours after UAE's ambassador to Washington said his country favored a bigger increase. U.S. West Texas Intermediate (WTI) crude futures jumped more than $3 shortly after opening and were trading up $1.53, or 1.4%, at $110.23 at 2324 GMT. The contract had tumbled 12.5% in the previous session in the biggest daily decline since November.
China’s Factory Inflation Eases, but Rising Commodity Prices Remains a Risk
China's factory inflation fell to the slowest annual pace in eight months in February 2022, thanks to the seasonal effects of the Lunar New Year holiday. However, investors expect it to rise in the coming months as global commodity prices also rise. National Bureau of Statistics (NBS) data released earlier in the day showed that the producer price index grew 8.8% year-on-year. The consumer price index (CPI) grew 0.6% month-on-month and the 0.4% growth recorded during the previous month. The CPI grew 0.9% year-on-year. Consumer prices rose slightly from January due to the Lunar New Year and fluctuations in international energy prices but were generally stable compared with the same period in 2021.
Dollar, Euro Up Over Ukraine-Russia Talks
The 10-year government bond yield (interpolated) on the previous trading day was 2.26, +3.00 bps. The benchmark government bond yield (LB31DA) was 2.22, +4.00 bps. LB31DA could be between 2.18-2.25. Meantime, the latest closed US 10-year bond yields was 1.94%, +8.00bps. USDTHB on the previous trading day closed around 33.18 Moving in a range from 33.00-33.08 this morning. USDTHB could be closed between 32.90-33.18 today. The dollar was up on Thursday morning in Asia, while the euro held onto most of its overnight gains. The latter had posted its steepest daily jump in nearly six years after a meeting between Ukrainian and Russian foreign ministers, and investor sentiment also improved as oil prices eased. The euro was at $1.1047 after climbing 1.6% on Wednesday, the single currency’s best day since June 2016.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
