- USDTHB : moving in the range 34.30 – 34.35 this morning, supporting level of USDTHB is around 34.20 resistance level is around 34.50
- SET Index: 1,669.0 (-0.38%), 26 Apr 2022
- S&P 500 Index: 4,175.2 (-2.86%), 26 Apr 2022
- Thai 10-year government bond yield (interpolated) : 2.85% (-2.40 bps), 26 Apr 2022
- US 10-year treasury yield: 2.77 (-4.00bps), 26 Apr 2022
- U.S. consumer confidence dips in April
- Australian inflation hits 20-year high, brings rate rises near
- Nasdaq tumbles to lowest close since late 2020
- Dollar nears pandemic peaks as investors seek safety
U.S. consumer confidence dips in April
U.S. consumer confidence edged down in April, though households planned to buy automobiles and many appliances, which should help to underpin consumer spending in the second quarter. The Conference Board said on Tuesday its consumer confidence index nudged down to a reading of 107.3 this month from a slightly upwardly revised 107.6 in March. Expectations, while still weak, did not deteriorate further amid high prices, especially at the gas pump, and the war in Ukraine. Vacation intentions cooled but intentions to buy big-ticket items like automobiles and many appliances still rose.
Australian inflation hits 20-year high, brings rate rises near
Australian consumer prices surged at the fastest annual pace in two decades last quarter as petrol, home building and food costs all climbed, spurring speculation interest rates could rise as soon as next week. The consumer price index (CPI) jumped 2.1% in the first quarter, topping market forecasts of a 1.7% increase. The annual pace picked up to 5.1%, from 3.5% the previous quarter and the highest since 2001. Markets quickly narrowed the odds on a rise to 0.25% next week, though many still favor a June hike given such a sudden move would cause political ripples so near to the election on May 21. Futures also shifted to price in rates of 0.5% by June
Nasdaq tumbles to lowest close since late 2020
Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve. It was the steepest one-day drop for the Nasdaq since September 2020. The tech-heavy index has now fallen 22% from its record high close last November. Previously-prized growth stocks have been hammered in recent weeks as investors fret about the impact of higher interest rates on their future earnings. China's COVID-19 led lockdown and an aggressive pivot by major central banks to fight inflation have overshadowed what has been a better-than-expected quarterly earnings season so far.
Dollar nears pandemic peaks as investors seek safety
The 10-year government bond yield (interpolated) on the previous trading day was 2.85, -2.40 bps. The benchmark government bond yield (LB31DA) was 2.70, -5.00 bps. LB31DA could be between 2.65-2.75. Meantime, the latest closed US 10-year bond yields was 2.77%, -4.00bps. USDTHB on the previous trading day closed around 34.14 Moving in a range from 34.30-34.35 this morning. USDTHB could be closed between 34.25-34.45 today. The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of U.S. rate hikes and on safe-haven flows fanned by slowing growth in China and Europe.
