- USDTHB : moving in the range 33.40 – 33.55 this morning, supporting level of USDTHB is around 33.00,33.30 resistance level is around 33.50
- SET Index: 1,689.7 (+0.32%), 29 Mar 2022
- S&P 500 Index: 4,631.6 (+1.22%), 29 Mar 2022
- Thai 10-year government bond yield (interpolated) : 2.50% (-3.80 bps), 29 Mar 2022
- US 10-year treasury yield: 2.41 (-5.00bps), 29 Mar 2022
- U.S. consumer confidence ticks up in March
- War, inflation hit euro zone consumer confidence
- Japan Feb retail sales post first decline in 5 months on Omicron curbs
- Dollar eases, euro rises on Ukraine peace talk hopes
U.S. consumer confidence ticks up in March
U.S. consumer confidence edged higher in March from a year-low reading a month earlier, with Americans' assessment of current economic conditions improving on the back of a healthy job market, offsetting concerns over the war in Ukraine and inflation that have further darkened their outlook.The Conference Board said on Tuesday its consumer confidence index rose to a reading of 107.2 this month from a downwardly revised 105.7 in February. The large downward revision to February put that reading at the lowest in a year.
War, inflation hit euro zone consumer confidence
France and Germany saw bigger than expected drops in consumer confidence this month as rising inflation and concern about the impact of Russia's invasion of Ukraine took their toll, surveys showed on Tuesday. The European Central Bank insists the euro zone can avoid recession, but the collapse in consumer morale in its two top economies is a setback. Italy, the third largest economy, is due to downgrade its growth targets, sources in Rome said. In Germany, the GfK institute said its consumer sentiment index, based on a survey of around 2,000 people, dropped to -15.5 points heading into April. In France, the INSEE official statistics agency said its consumer confidence index fell to 91 points from 97 in February.
Japan Feb retail sales post first decline in 5 months on Omicron curbs
Japanese retail sales fell in February for the first time in five months, as extended COVID-19 curbs hit service sector businesses, casting doubts over the prospects of a consumption-led recovery this quarter.The government lifted coronavirus restrictions across the nation this week, but households remain guarded about rising prices, which have been driven by the Ukraine war and yen's sharp weakening.Retail sales fell 0.8% in February from a year earlier, government data showed on Wednesday, much weaker than the median market forecast for a 0.3% decrease.
Dollar eases, euro rises on Ukraine peace talk hopes
The 10-year government bond yield (interpolated) on the previous trading day was 2.50, -3.80 bps. The benchmark government bond yield (LB31DA) was 2.44, -5.00 bps. LB31DA could be between 2.39-2.58. Meantime, the latest closed US 10-year bond yields was 2.41%, -5.00bps. USDTHB on the previous trading day closed around 33.73 Moving in a range from 33.40-33.55 this morning. USDTHB could be closed between 33.30-33.50 today. The euro, battered in recent weeks by fear of the economic fallout from war in Ukraine and nerves about the risk of the conflict spreading west, touched a two-week high of $1.1137 overnight, before settling back to $1.1091 in Asia.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
