- USDTHB : moving in the range 33.40 – 33.50 this morning, supporting level of USDTHB is around 33.30 resistance level is around 33.50,33.70
- SET Index: 1,660.2 (+0.13%), 14 Mar 2022
- S&P 500 Index: 4,173.1 (-0.74%), 14 Mar 2022
- Thai 10-year government bond yield (interpolated) : 2.33% (+4.40 bps), 14 Mar 2022
- US 10-year treasury yield: 2.14 (+14.00bps), 14 Mar 2022
- China Economy Starts Year Strongly as Covid, War Risks Loom
- EU tourism surges back in December, but still below pre-pandemic levels
- China Tech Stocks Tumble After Historic Rout as Risks Mount
- Dollar and Yen slips as traders eye Fed, Russia-Ukraine talks
China Economy Starts Year Strongly as Covid, War Risks Loom
China’s economy started the first two months of the year on a strong footing, although risks are growing as the number of local coronavirus cases surge and global energy prices spike due to Russia-Ukraine tensions. Industrial output grew 7.5% in the two months through February, figures from the National Bureau of Statistics showed Tuesday, compared with 4.3% in December. Retail sales rose 6.7%, accelerating from 1.7% in December. Investment climbed 12.2% during the two-month period, better last year’s 4.9% growth. The surveyed jobless rate rose to 5.5% last month.
EU tourism surges back in December, but still below pre-pandemic levels
Tourists in the European Union more than tripled the nights they spent in short-stay accommodation in December compared with a year earlier, the EU's statistics office said on Monday, though levels remained well below pre-pandemic norms. The nights spent in EU short-stay tourist accommodation surged 237% to 102.2 million nights in December compared to a year earlier, Eurostat said, though this remained 27% below the 2019 figure. Easing coronavirus restrictions and widespread vaccination campaigns helped tourism recover from the early summer, though the emergence of the highly contagious Omicron variant and fresh travel curbs slowed progress over the winter.
China Tech Stocks Tumble After Historic Rout as Risks Mount
Chinese tech stocks slid for a third session in Hong Kong as investors clamored to offload shares amid concerns over Beijing’s ties with Russia and a persistent regulatory overhang. The Hang Seng Tech Index fell as much as 7.2% on Tuesday, extending a 11% plunge in the previous session that was the biggest drop since the index’s July 2020 inception. Furthermore, the People’s Bank of China’s decided to keep interest rates on its one-year policy loans steady -- even as a majority of surveyed economists expected a cut -- while injecting a net 100 billion yuan ($15.7 billion) into the financial system. China’s benchmark CSI 300 Index dropped as much as 2.9%.
Dollar and Yen slips as traders eye Fed, Russia-Ukraine talks
The 10-year government bond yield (interpolated) on the previous trading day was 2.33, +4.40 bps. The benchmark government bond yield (LB31DA) was 2.32, +2.50 bps. LB31DA could be between 2.30-2.35. Meantime, the latest closed US 10-year bond yields was 2.14%, +14.00bps. USDTHB on the previous trading day closed around 33.42 Moving in a range from 33.40-33.50 this morning. USDTHB could be closed between 33.36-33.50 today. The yen remained under pressure on Tuesday and the Australian dollar was bruised by the latest lockdowns in China following new COVID-19 outbreaks, but moves were more muted than in recent days as traders eyes turned to this week's Fed meeting.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
