- USDTHB : moving in the range 33.40 – 33.50 this morning, supporting level of USDTHB is around 33.25 resistance level is around 33.50
- SET Index: 1,701.3 (+0.36%), 1 Apr 2022
- S&P 500 Index: 4,545.9 (+0.34%), 1 Apr 2022
- Thai 10-year government bond yield (interpolated) : 2.41% (+6.40 bps), 1 Apr 2022
- US 10-year treasury yield: 2.38 (+6.00bps), 1 Apr 2022
- U.S. unemployment rate drops to 3.6% as labor market rapidly tightens
- Euro zone inflation hits new peak, deepening ECB's dilemma
- U.S. manufacturing sector activity slows in March; input prices surge
- Euro weighed down by talk of fresh Russia sanctions, 2-year Treasury yields near 2.5%
U.S. unemployment rate drops to 3.6% as labor market rapidly tightens
U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the Federal Reserve in May. The survey of establishments showed that nonfarm payrolls increased by 431,000 jobs last month. The economy created 95,000 more jobs in January and February than initially estimated. The broad increase in payrolls was led by the leisure and hospitality industry, which added 112,000 jobs. Professional and business services payrolls increased by 102,000 jobs, hoisting employment in the sector 723,000 above its pre-pandemic level.
Euro zone inflation hits new peak, deepening ECB's dilemma
Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on the European Central Bank to rein in runaway prices even as growth slows sharply. Consumer price growth in the 19 countries sharing the euro accelerated from 5.9% in February, Eurostat said on Friday, far beyond the 6.6% expected, as war in Ukraine and sanctions on Russia pushed fuel and natural gas prices to record highs. Although energy was the chief culprit, inflation in food prices, services and durable goods all came in above the ECB's 2% target, further proof that price growth is increasingly broad and not merely a reflection of expensive oil.
U.S. manufacturing sector activity slows in March; input prices surge
U.S. manufacturing activity unexpectedly slowed in March as tight supply chains continued to drive input prices higher, but factories boosted hiring, allowing them to reduce the backlog of unfinished work. The Institute for Supply Management (ISM) said on Friday that its index of national factory activity fell to a reading of 57.1 last month from 58.6 in February. The slowdown in manufacturing also reflects a shift in spending back to services amid a significant decline in COVID-19 infections, which has resulted in the rolling back of restrictions across the country
Euro weighed down by talk of fresh Russia sanctions, 2-year Treasury yields near 2.5%
The 10-year government bond yield (interpolated) on the previous trading day was 2.41, +6.40 bps. The benchmark government bond yield (LB31DA) was 2.34, +8.00 bps. LB31DA could be between 2.30-2.40. Meantime, the latest closed US 10-year bond yields was 2.38%, +6.00bps. USDTHB on the previous trading day closed around 33.38 Moving in a range from 33.40-33.50 this morning. USDTHB could be closed between 33.40-33.55 today. The dollar made a firm start to the week as Treasury yields rose with expectations of rapid-fire U.S. interest rate hikes. The euro has been weighed down by worries about the economic damage from war in Ukraine and last bought $1.1047, not too far from last month's almost two-year trough of $1.0806.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
