- USDTHB : moving in the range 33.95 – 34.00 this morning, supporting level of USDTHB is around 33.80 resistance level is around 34.20
- SET Index: 1,690.6 (+0.00%), 22 Apr 2022
- S&P 500 Index: 4,271.8 (-2.81%), 22 Apr 2022
- Thai 10-year government bond yield (interpolated) : 2.84% (+8.60 bps), 22 Apr 2022
- US 10-year treasury yield: 2.90 (+0.00bps), 22 Apr 2022
- U.K. Retail Sales Fall Again as Consumer Confidence Hits 13-Year Low
- Industrial output in Shanghai falls for first time in 2 years
- Japan March consumer prices rise at fastest pace in over 2 years
- Euro inches up after Macron's victory, still under Dollar influence
U.K. Retail Sales Fall Again as Consumer Confidence Hits 13-Year Low
U.K. retail sales fell for the third time in the last four months in March as the cost-of-living crisis weighed ever more heavily on consumer confidence. Retail sales fell 1.4% from February, rather than the 0.3% drop expected, and February's data were also revised down to show a drop of 0.5%, instead of the originally reported 0.3%. That left sales up only 0.9% on the year. Core retail sales, which exclude sales of automobiles and fuel, fell by 1.1% Furthermore, consumer confidence in the U.K. fell to its lowest since 2009 in April. Soaring fuel costs had appeared to have an increasing impact on spending patterns, seeing evidence that people had reduced the number of non-essential journeys they took.
Industrial output in Shanghai falls for first time in 2 years
Industrial output in Shanghai, China's most populous city, slumped in March, the first monthly decline in two years, after stringent lockdown measures halted production in some factories. Industrial production dropped by 7.5% year-on-year, Wu Jincheng, chairman of Shanghai's economic planning agency, said at a press conference. Monthly output last fell in March 2020. Overall, Shanghai's gross domestic product (GDP) grew 3.1% in the first quarter from a year earlier, significantly less than the 4.8% growth in the national GDP during the same period. In 2021, Shanghai's GDP rose 8.1%.
Japan March consumer prices rise at fastest pace in over 2 years
Japan's core consumer prices rose at the fastest pace in more than two years in March, raising worries higher energy and food costs could increasingly take a toll on households' purchasing power. The core consumer price index (CPI), which excludes volatile fresh food prices but includes fuel and broader energy costs, jumped 0.8% in March from a year earlier. The price data will be among factors the BOJ will scrutinise at its next two-day rate review, which is scheduled to end on Thursday, where it is likely to raise its inflation forecast for this fiscal year to near 2%.
Euro inches up after Macron's victory, still under Dollar influence
The 10-year government bond yield (interpolated) on the previous trading day was 2.84, +8.60 bps. The benchmark government bond yield (LB31DA) was 2.74, +9.00 bps. LB31DA could be between 2.70-2.82. Meantime, the latest closed US 10-year bond yields was 2.90%, +0.00bps. USDTHB on the previous trading day closed around 33.92 Moving in a range from 33.95-34.00 this morning. USDTHB could be closed between 33.90-34.10 today. The euro gained a fraction in early trade on Monday following French President Emmanuel Macron's comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12% from Friday's close, but couldn't break far from a two-year low hit last week.
