- USDTHB : moving in the range 33.55 – 33.65 this morning, supporting level of USDTHB is around 33.50 resistance level is around 33.70
- SET Index: 1,686.0 (+0.21%), 8 Apr 2022
- S&P 500 Index: 4,488.3 (-0.27%), 8 Apr 2022
- Thai 10-year government bond yield (interpolated) : 2.44% (+0.70 bps), 8 Apr 2022
- US 10-year treasury yield: 2.72 (+6.00bps), 8 Apr 2022
- China’s consumer and producer inflation rise faster than expected in March
- War to slash Ukraine's GDP output by over 45%, World Bank forecasts
- Oil falls, pressured by China lockdowns, reserves release
- Macron lead lends a hand to the euro ahead of ECB
China’s consumer and producer inflation rise faster than expected in March
China's factory inflation slowed but beat expectations in March, official data showed on Monday, as the country grapples with cost pressures caused by Russia's invasion of Ukraine and persistent supply chain bottlenecks. The producer price index (PPI) increased 8.3% year-on-year, according to data from the National Bureau of Statistics (NBS), easing from 8.8% growth in February. While the year-on-year PPI rise was the slowest since April 2021, the monthly increase of 1.1% was the fastest pace in five months. China's consumer price index (CPI) inched up 1.5% year-on-year, the fastest pace in three months, after a gain of 0.9% in February. The world's second-largest economy came under downward pressure in March with renewed COVID outbreaks and the manufacturing and service sectors reporting declines in activity.
War to slash Ukraine's GDP output by over 45%, World Bank forecasts
Ukraine's economic output will likely contract by a staggering 45.1% this year as Russia's invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday. The World Bank also forecast Russia's 2022 GDP output to fall 11.2% due to punishing financial sanctions imposed by the United States and its Western allies on Russia's banks, state-owned enterprises and other institutions.
Oil falls, pressured by China lockdowns, reserves release
Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Member nations of the International Energy Agency (IEA) will release 60 million barrels over the next six months, with the United States matching that amount as part of its 180 million barrel release announced in March.
Macron lead lends a hand to the euro ahead of ECB
The 10-year government bond yield (interpolated) on the previous trading day was 2.44, +0.70 bps. The benchmark government bond yield (LB31DA) was 2.38, +1.00 bps. LB31DA could be between 2.32-2.42. Meantime, the latest closed US 10-year bond yields was 2.72%, +6.00bps. USDTHB on the previous trading day closed around 33.57 Moving in a range from 33.55-33.65 this morning. USDTHB could be closed between 33.60-33.75 today. The euro made a firm start to the week on investor relief that incumbent Emmanuel Macron led first-round voting in the French presidential election, while other moves were slight ahead of central bank meetings in Europe, Canada and New Zealand. The euro briefly flickered as high as $1.0955 in thin early hours of the Asia session, before settling about 0.15% higher than Friday's close at $1.0890. It was also firmer on sterling and the yen.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
