- SET Index: 1,496.6 (+0.91%), 5 Feb 2020
- S&P 500 Index: 3886.8 (+0.39%), 5 Feb 2020
- Thai 10-year government bond yield: 1.23 (+1.50 bps), 5 Feb 2020
- US 10-year treasury yield: 1.19% (+4.00 bps), 5 Feb 2020
- U.S. Treasury's Yellen: Americans earning $60,000 should get stimulus checks
- Biden says there will be ‘extreme competition’ with China, but won’t take Trump approach
- Exports from UK to EU down 68% since Brexit trade deal, say hauliers
- Dollar losses as U.S. economic doubts undercut rally
U.S. Treasury's Yellen: Americans earning $60,000 should get stimulus checks
U.S. Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House's proposed $1.9 trillion coronavirus relief package. "The exact details of how it should be targeted are to be determined, but struggling middle class families need help," Yellen said. The White House has said it is open to negotiation on who should be eligible to receive the proposed $1,400 checks, and has declined to specify where it thinks the income cutoff should be. "President (Joe) Biden wouldn't want to see a household making over $300,000 receive these payments,” Yellen said. If Congress approves the $1.9 trillion plan, the country would get back to full employment next year.
Biden says there will be ‘extreme competition’ with China, but won’t take Trump approach
President Joe Biden said his administration was ready for “extreme competition” with China but that his approach would be different than his predecessor. “I’m not going to do it the way Trump did. We are going to focus on the international rules of the road,” Biden told on Sunday. “We need not have a conflict but there is going to be extreme competition,” he added. “But we’re also ready to work with Beijing when it’s in America’s interest to do so. We’ll compete from a position of strength by building back better at home and working with our allies and partners.”
Exports from UK to EU down 68% since Brexit trade deal, say hauliers
Exports from Britain to the European Union fell by 68% in January as trade was disrupted after the end of a transition period following Britain's departure from the European Union, according to a trade body representing hauliers. Since the start of the year, businesses and hauliers have had to adapt to new trading arrangements, including new systems for companies and officials in the British province of Northern Ireland. Some businesses have struggled with new customs declarations and health certificates as the coronavirus pandemic also hits firms. International members at the Road Haulage Association (RHA) reported a 68% fall in exports in January, the group said on Twitter.
Dollar losses as U.S. economic doubts undercut rally
The benchmark government bond yield (LB29DA, 8.8 years) on the previous trading day was 1.23, +1.50 bps. Thai benchmark government bond yield (LB29DA) could be between 1.21-1.25. Meantime, the latest closed US 10-year bond yields was 1.19%, +4.00bps. USDTHB on the previous trading day closed around 30.07 Moving in a range from 30.00-30.07 this morning. USDTHB could be between 29.96-30.05 today. Meantime, The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data.
Sources : Bloomberg, CNBC, Investing, CEIC
