- USDTHB : moving in the range 34.14-34.26 this morning, supporting level of USDTHB is around 34.16 resistance level is around 34.30
- SET Index: 1,635.3 (+0.76%), 23 May 2022
- S&P 500 Index: 3,973.8 (+1.84%), 23 May 2022
- Thai 10-year government bond yield (interpolated) : 3.07% (-5.01 bps), 23 May 2022
- US 10-year treasury yield: 2.86 (+8.00bps), 23 May 2022
- Chicago Fed National Activity Index Rebounds in April
- Japan Manufacturing Growth Eases to 3-Month Low
- Singapore Inflation Rate Stays Near A Decade-High
- Thailand Car Sales rose in April amid Jobless Rate Falls to 2-Year Low in Q1
Chicago Fed National Activity Index Rebounds in April Chicago Fed National Activity Index in the United States increased to 0.47 points in April from a 3-month low of 0.36 points in March of 2022. Production-related indicators contributed +0.26, slightly increase from March; the contribution of the sales, orders, and inventories category rebounded to +0.04; and the contribution of the personal consumption and housing category moved up to +0.08. On the other hand, employment-related indicators contributed +0.10, slightly lower from March.
Japan Manufacturing Growth Eases to 3-Month Low Japan PMI declined to a three-month low of 53.2 in May 2022 from a final 53.5 a month earlier. Both output and new order growth eased to a marginal pace that was the weakest for three months, amid supply chain disruptions due to the Ukraine war. Also, buying level eased, while foreign orders dropped at a steeper rate amid renewed lockdown measures across China and the impact of the Ukraine war. Meantime, employment rose faster, as did with backlogs of works. Delivery times lengthened the most since April 2011, due to material shortage and curbs in China, contributing to the third-strongest increase in input prices in survey history.
Singapore Inflation Rate Stays Near A Decade-High Singapore's annual inflation rate was at 5.4% in April 2022, unchanged from March's print which was near a ten-year peak and compared with market estimates of 5.5%. Main greater pressure came from cost of food (4.1%); clothing (0.8%); housing 5.0%; transport (15.5%) due to private transport; recreation & culture (2.7%), led by holiday expenses and recreational & cultural services. Meantime Core consumer prices gained 3.3% yoy, the most since January 2012. However, consumer prices fell 0.1% on a monthly basis in April, the first drop in nine months.
Thailand Car Sales rose in April amid Jobless Rate Falls to 2-Year Low in Q1 Car sales in Thailand grew by 9.1 percent from a year earlier to 63,427 units in April of 2022, the same pace as in the previous month. The latest reading also marked the fourth straight month of increase in car sales, as COVID-19 situations improved further. Considering the first four months of the year, the car sales rose 16.8 percent from a year ago to 294,616 units. For 2022, the Federation of Thai Industries (FTI) forecast domestic sales of 800,000 to 850,000 units. This may reflect the improvement in labor market since Thailand’s unemployment rate dropped to 1.53 percent in the first quarter of 2022 from 1.64 percent in the previous quarter. This was the lowest figure in two years, amid an easing of COVID-19 restrictions and reopening border for foreign tourists.
The 10-year government bond yield (interpolated) on the previous trading day was 3.07, -5.01 bps. The benchmark government bond yield (LB31DA) was 2.98, -10.0 bps. LB31DA could be between 2.93-3.03. Meantime, the latest closed US 10-year bond yields was 2.86%,+8.0 bps. USDTHB on the previous trading day closed around 34.29, moving in a range from 34.14-34.26 this morning. USDTHB could be closed between 34.16-34.30 today. US stock futures dropped on Tuesday after a broad overnight rally, as Snap warned that it is unlikely to meet revenue and profit forecasts for Q2 amid deteriorating macroeconomic trends. China stocks fall on growth concerns and Japanese shares fall on Tech Weakness.
