- USDTHB: moving in the range 36.655-36.695 this morning supportive level at 36.50 resistance level at 36.80
· SET Index: 1,306.6 (-0.4%), 14 June 2024
· S&P 500 Index: 5,431.6 (-0.04%), 14 June 2024
· Thai 10-year government bond yield (interpolated): 2.77 (-0.16 bps), 14 June 2024
· US 10-year treasury yield: 4.20 (-4.00 bps), 14 June 2024
- US consumer sentiment ebbs in June; inflation worries linger
- China new home prices fall for 11th straight month in May
- Japan core machinery orders down in April but seen firming up ahead
- Dollar firm as euro wallows near recent lows; market braces for China data
US consumer sentiment ebbs in June; inflation worries linger
US consumer sentiment unexpectedly fell to a seven-month low in early June as
high prices continued to take a toll on views of personal finances. According
to the preliminary reading from the University of Michigan, the sentiment index
dropped to 65.6 in June from 69.1. The median estimate called for the measure
to rise to 72. Consumers expect prices will climb at an annual rate of 3.1%
over the next five to 10 years, up slightly from the 3% expected in May, the
data out Friday showed. They see costs rising 3.3% over the next year, the same
as in the previous month.
China new home prices fall for 11th straight month in May
China's new home prices fell for the eleventh straight month in May, official
data showed on Monday, as the property sector struggles to find a bottom
despite government efforts to rein in oversupply and support debt-laden
developers. According to Reuters calculations based on National Bureau of
Statistics (NBS) data, prices were down 0.7% month-on-month in May after a 0.6%
dip in April. In annual terms, new home prices were down 3.9% from a year
earlier, compared with a 3.1% slide in April. Authorities have stepped up
measures to prop up the crisis-hit property sector including facilitating 300
billion yuan ($41.35 billion) to clear massive housing inventory, cutting down
payments and easing mortgage rules.
Japan core machinery orders down in April but seen firming up ahead
Japan's core machinery orders fell in April for the first time in three months,
due to a pullback from the prior month's big jump, but the Cabinet Office said
capital spending remained on track for a recovery. The data followed the Bank
of Japan's (BOJ) decision last week to start trimming its huge bond purchases,
with it due to announce a detailed plan next month on reducing its nearly $5
trillion balance sheet. Core orders fell 2.9% month-on-month in April, versus a
3.1% decline expected by Reuters poll, the first drop in three months. It is a
highly volatile data series regarded as an indicator of capital spending in the
coming six to nine months.
Dollar firm as euro wallows near
recent lows; market braces for China data
The 10-year government bond yield (interpolated) on the previous trading day
was 2.77, -0.16 bps. The benchmark government bond yield (LB346A) was 2.765,
+0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.2, -4.00
bps. USDTHB on the previous trading day closed around 36.75 Moving in a range
of 36.655-36.695 this morning. USDTHB could be closed between 36.50-36.80
today. The dollar was firm on Monday as the euro hovered near a more than
one-month low amid continued concerns about the political outlook in Europe.
The market also braced for a slew of top-tier economic data from China as
investors sought clarity on how much the world's second-largest economy is
struggling to gain momentum. The dollar index, which measures the greenback
against a basket of peer currencies, was little changed at 105.49, after
touching its highest since May 2 at 105.80 on Friday. Minneapolis Federal
Reserve President Neel Kashkari on Sunday said it's a "reasonable
prediction" that the U.S. central bank will cut interest rates once this
year, waiting until December to do it.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
