- USDTHB : moving in the range 34.57 – 34.68 this morning, supporting level of USDTHB is around 34.50 resistance level is around 34.70
- SET Index: 1,622.8 (+1.13%), 10 May 2022
- S&P 500 Index: 4,001.1 (+0.25%), 10 May 2022
- Thai 10-year government bond yield (interpolated) : 3.40% (+6.00 bps), 10 May 2022
- US 10-year treasury yield: 2.99 (-6.00bps), 10 May 2022
- U.S. small business confidence steady in April
- U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes
- Australia consumer sentiment dives as rates, inflation rise
- Dollar hovers near two-decade high before inflation gauge
U.S. small business confidence steady in April
U.S. small business confidence held steady in April after three straight monthly declines, but owners remained worried about high inflation and worker shortages, a survey showed on Tuesday. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index was unchanged at a reading of 93.2 last month. The index had declined since January. Thirty-two percent of owners reported that inflation was their single most important problem in operating their business. That was the largest share since the fourth quarter of 1980 and was up a point from March.
U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes
U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise was the smallest in a year and new mortgage and auto loan originations declined for a third straight quarter.
The Federal Reserve Bank of New York's quarterly household debt report released Tuesday showed mortgage debt climbed to $11.18 trillion at the end of March, and now accounts for 71% of total household debt, the highest share in roughly a decade.
Australia consumer sentiment dives as rates, inflation rise
Australian consumer sentiment tumbled this month to the lowest level since August 2020 as a combination of rising cost of living pressures and the prospect of faster interest-rate increases spooked households. The consumer confidence index dropped 5.6% to 90.4 points in May, indicating pessimists now far outnumber optimists. The survey of 1,200 respondents was conducted over the week of May 1 to May 5, which included the larger-than-expected 25 basis point rate rise by the Reserve Bank of Australia to 0.35%.
Dollar hovers near two-decade high before inflation gauge
The 10-year government bond yield (interpolated) on the previous trading day was 3.40, +6.00 bps. The benchmark government bond yield (LB31DA) was 3.33, -2.00 bps. LB31DA could be between 3.30-3.35. Meantime, the latest closed US 10-year bond yields was 2.99%, -6.00bps. USDTHB on the previous trading day closed around 34.57 Moving in a range from 34.67-34.68 this morning. USDTHB could be closed between 34.60-34.80 today. The dollar hovered near a two-decade high against major peers on Wednesday, ahead of a key reading on inflation that should provide clues on how aggressive the Federal Reserve will be in tightening monetary policy. The dollar index, which measures the currency versus six rivals, was around flat at 103.92, not far from the high of 104.49 reached at the start of the week for the first time since December 2002.
