- USDTHB: moving in the range 36.43-36.59 this morning, supporting level of USDTHB is around 36.50 resistance level is around 36.60
- SET Index: 1,639.5 (+0.79%), 30 Aug 2022
- S&P 500 Index: 3,986.2 (-1.11%), 30 Aug 2022
- Thai 10-year government bond yield (interpolated): 2.56 (-3.94 bps), 30 Aug 2022
- US 10-year treasury yield: 3.11 (-1.00 bps), 30 Aug 2022
· US Job Openings Unexpectedly Rise
· Euro Area Sentiment at Over 1-Year Low
· China Manufacturing Shrinks Again
· Asia continues global stock slump as Fed tightening fears flare
US Job Openings Unexpectedly Rise
The number of job openings in the US rose by 199,000 from a
month earlier to 11.2 million in July of 2022, while markets had expected it to
drop to 10.45 million. It was the first increase in job openings after three
consecutive months of slight declines, reflecting persistent tightness in the
labor market amid worker shortages. Job openings increased in transportation,
warehousing, and utilities (+81,000); arts, entertainment, and recreation
(+53,000); federal government (+47,000); and state and local government
education (+42,000), but decreased in durable goods manufacturing (-47,000).
Euro Area Sentiment at Over 1-Year Low The economic sentiment indicator (ESI) in the Euro Area fell to 97.6 in August of 2022 from a downwardly revised 98.9 in July, and slightly below market forecasts of 98. It is the lowest reading since February last year, amid significant weakening of confidence in industry staying at 1.2, down from 3.4 last period. This is since managers saw another sharp deterioration in overall order books and the stocks of finished products were appraised as more abundant, pointing to weakening sales. Meanwhile services was 8.7 down from 10.4 in early month. Also, both consumers (-24.9 vs -27) and retailers (-6.3 vs -7.1) were slightly less pessimistic.
China Manufacturing Shrinks Again The official NBS Manufacturing PMI for China rose to 49.4 in August 2022 from 49.0 in the previous month, surpassing market forecasts of 49.2. This latest figure was the second straight month of contraction in factory activity, amid a resurgence of COVID-19 cases, new lockdowns in some cities, and power rationing due to the worst heatwaves in decades. Output was 49.8 compared to 49.8 in July, new orders 49.2 from 48.5 last month, and export sales being 48.1 from 47.4 last period, all fell while buying activity remained weak and employment sentiment stayed in contraction territory. Meantime, delivery time lengthened the most in three months being at 49.5 from 50.1 last month.
Asia continues global stock slump as Fed tightening fears flare The 10-year government bond yield (interpolated) on the previous trading day was 2.56, -3.94 bps. The benchmark government bond yield (LB31DA) was 2.43, -1.0 bps. LB31DA could be between 2.39-2.48. Meantime, the latest closed US 10-year bond yields was 3.11, -1.00 bps. USDTHB on the previous trading day closed around 36.43 Moving in a range of 36.43-36.59 this morning. USDTHB could be closed between 36.50-36.60 today. Asian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong U.S. jobs data. The overnight JOLTS report on job openings - closely watched by the Federal Reserve - pointed to extremely tight labor conditions, defying the Fed's tightening efforts so far and bolstering the case to do more. Japan's Nikkei sagged 0.6%, while Australia's share benchmark slid 0.4% and South Korea's Kospi lost 0.5%. MSCI's broadest index of Asia-Pacific stocks declined 0.7%.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
