- USDTHB: moving in the range 36.08-36.18 this morning, supporting level of USDTHB is around 36.00 resistance level is around 36.20
- SET Index: 1,615.8 (-0.62%), 22 Aug 2022
- S&P 500 Index: 4,138.0 (-2.16%), 22 Aug 2022
- Thai 10-year government bond yield (interpolated): 2.62 (+1.76 bps), 22 Aug 2022
- US 10-year treasury yield: 3.03 (+5.00 bps), 22 Aug 2022
- U.S. jobless claims unexpectedly dip for first time in three weeks
- Japan inflation accelerates as price pressures broaden
- U.K. retail sales see surprise rise in July, while consumer confidence plunges
- Stock futures fell as fear of aggressive Fed’s rate hike
U.S. jobless claims unexpectedly dip for first time in three weeks The weekly unemployment claims report from the Labor Department, stated that initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 250,000 for the week ended Aug 13. Data for the prior week was revised to show 10,000 fewer claims filed than previously reported. Unadjusted claims fell 4,536 to 191,834 last week. A surge in applications in Massachusetts was offset by notable declines in California, Ohio, Texas, and Georgia. Companies in the interest rate-sensitive housing and technology industries have been laying off workers in response to slowing demand caused by the Fed's aggressive monetary tightening campaign to tame inflation. But elsewhere, businesses are hungry for workers. There were 10.7 million job openings at the end of June, with 1.8 openings for every unemployed worker.
Japan inflation accelerates as price pressures broaden The annual inflation rate in Japan rose to 2.6%yoy in July 2022 from 2.4%yoy in June. This was the 11th straight month of increase in consumer prices and the fastest pace since April 2014, amid surging fuel and food cost following Russia's invasion of Ukraine as well as a sharply weakening yen. Main upward pressure primarily came from cost of food, fuel, light and water charges, clothes, housing, furniture, education, and culture & recreation. On the flip side, cost continued to fall for both transport and medical care. Core consumer prices were at 2.4%yoy, the most since December 2014, after a 2.2%yoy rise in June.
U.K. retail sales see surprise rise in July, while consumer confidence plunges The Office for National Statistics (ONS) reported that retail sales volumes in the U.K. rose by 0.3%yoy in July 2022 following a fall of 0.2%yoy in the previous month (revised from a fall of 0.1%yoy) ,excluding fuel, sales rose 0.4%yoy on this month. Non-store retailing, predominantly online retailers, made the biggest contribution to July numbers, rising 0.7%yoy. The ONS said feedback from online retailers indicated that a range of promotions in July 2022 boosted sales, growth was overwhelmingly driven by a 4.8%yoy surge in online and mail order volumes, the biggest monthly jump since December. However, fuel sales fell 0.1%yoy, non-food stores and clothing sales fell 0.3%yoy and 1.2%yoy, respectively.
Stock futures fell as fear of aggressive Fed’s rate hike The 10-year government bond yield (interpolated) on the previous trading day was 2.62, +1.76 bps. The benchmark government bond yield (LB31DA) was 2.48, +2.0 bps. LB31DA could be between 2.40-2.50. Meantime, the latest closed US 10-year bond yields was 3.03, +5.00 bps. USDTHB on the previous trading day closed around 36.09 Moving in a range of 36.08-36.18 this morning. USDTHB could be closed between 35.70-36.20 today. U.S. stock futures fell on August 22 following a halt in the summer rally last week, as fears of aggressive interest rate hikes returned to Wall Street. More importantly, it was driven in part by worries of rising inflation and higher interest rates around the world. Dow Jones Industrial Average futures fell 339 points, or by 1.01%. S&P 500 and Nasdaq 100 futures dropped 1.21% and 1.56%, respectively.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
