- USDTHB : moving in the range 34.36 – 34.43 this morning, supporting level of USDTHB is around 34.40 resistance level is around 34.45
- SET Index: 1,661.9 (-0.43%), 27 Apr 2022
- S&P 500 Index: 4,184.0 (+0.21%), 27 Apr 2022
- Thai 10-year government bond yield (interpolated) : 2.82% (-2.48 bps), 27 Apr 2022
- US 10-year treasury yield: 2.82 (+5.00bps), 27 Apr 2022
- US Goods Trade Gap Widens to Record
- UK Retail Sales Tumble to 13-Month Low: CBI
- Japan Industrial Production Rises 0.3% in March
- Technology earning help stocks, Dollar bulls and Oil prices edged lower
US Goods Trade Gap Widens to Record The goods trade deficit in the US increased to an all-time high of $125.3 billion in March of 2022 from a revised $106.3 billion in February as imports surged, following a surge in inflation. Imports rose by 11.5 percent to a record $294.6 billion, driven by purchases of industrial supplies (15 percent) including petroleum products, consumer goods (13.6 percent) including motor vehicles and capital goods (7.6 percent). Meanwhile, exports went up 7.2 percent to also a record $169.3 billion, pushed up by sales of industrial supplies (12.3 percent) and capital goods (1.7 percent). An improvement in the trade shortfall any time soon will be difficult as U.S. demand outpaces economic activity in many other countries. With severe lockdowns by China in an attempt to contain the coronavirus, the near-term US trade picture will be weakened by the impact of tenuous global supply chains.
UK Retail Sales Tumble to 13-Month Low: CBI The CBI distributive trades survey’s retail sales balance in the United Kingdom tumbled to -35 in April of 2022 from 9 in March, well below market expectations of -3. It was the lowest reading since March 2021, reflecting a cost-of-living squeeze and changes in spending patterns. “Retail sales were below seasonal norms in April as consumer spending continued to shift back towards services and rising prices impacted households’ spending power”, Principal Economist at the CBI, said. To combat these challenges, the government will need to keep a close eye on support for vulnerable households and businesses struggling with higher energy prices. Meanwhile, going for growth must continue to be the government’s primary domestic focus.
Japan Industrial Production Rises 0.3% in March Industrial production in Japan rose 0.3% month-on-month in March 2022, slowing from a 2% gain in the previous month and falling short of the 0.5% growth forecast. Industries that mainly contributed to the increase were production machinery, chemicals and transport equipment. Meanwhile, industries that lagged behind in production were motor vehicles, inorganic & organic chemicals and ceramics, stone & clay products. Based on a poll of manufacturers, the trade ministry expects output to advance 5.8% in April and decline 0.8% in May. On an annual basis, industrial output decreased 1.7% in March, turning lower from a 0.5% annual gain in February.
Technology earning help stocks, Dollar bulls and Oil prices
edged lower
The 10-year government bond yield (interpolated) on the previous trading day
was 2.82, -2.48 bps. The benchmark government bond yield (LB31DA) was 2.70, 0
bps. LB31DA could be between 2.65-2.75. Meantime, the latest closed US 10-year
bond yields was 2.82%, +5.00 bps. USDTHB on the previous trading day closed
around 34.36, moving in a range from 34.36-34.43 this morning. USDTHB could be
closed between 34.40-34.45 today. The dollar was nearing heights not seen in
two decades on Thursday as the energy crisis in Europe hamstrung the euro,
while the yen was undercut by expectations the Bank of Japan would stick to its
super-easy policies. Meantime, Oil prices edged lower in early Asian trade on
Thursday as concerns about rising coronavirus cases in China, weighed on
futures markets.
