- USDTHB : moving in the range 33.41 – 33.52 this morning, USDTHB sentiment is the same as last week, still expect an uptrend in short term, supporting level 33.45
- SET Index: 1,637.2 (-0.26%), 24 Dec 2021
- S&P 500 Index: 4,725.8 (+0.62%), 23 Dec 2021
- Thai 10-year government bond yield (interpolated) : 1.94% (+1.00 bps), 24 Dec 2021
- US 10-year treasury yield: 1.50 (+4.00bps), 24 Dec 2021
- U.S. Rep Jayapal asks Biden to continue focus on 'Build Back Better', urges executive action
- Japan's Nov retail sales rise but Omicron risks loom
- China's industrial profit growth tumbles as raw material prices fall
- Risk sentiment dwindles during early Monday as global traders cheer the holiday mood
U.S. Rep Jayapal asks Biden to continue focus on 'Build Back Better', urges executive action
U.S. Representative Pramila Jayapal, a leading liberal House Democrat, has asked President Joe Biden to continue focusing on his social spending legislation and urged him to use executive action despite Senator Joe Manchin's public rejection of the plan. Manchin, a conservative Democratic senator, rejected the president's "Build Back Better" plan last Sunday in a move that imperils the legislation. Manchin's move prompted investment bank Goldman Sachs (NYSE:GS) to lower its forecasts for U.S. economic growth. Manchin's rejection of the bill threatened to scuttle hundreds of billions of dollars in funding for measures to fight climate change and meet the Biden administration's climate goals.
Japan's Nov retail sales rise but Omicron risks loom
Japan's retail sales rose faster than expected in November, thanks to decreasing COVID-19 cases in the month, which have encouraged shoppers to ramp up spending on goods and services. To support the economy, the government on Friday approved a record $940 billion budget for fiscal 2022, including cash payouts to families and businesses hit by the pandemic. Prospects of a consumption-led recovery, however, are clouded by uncertainties around the new Omicron coronavirus variant. The government said on Thursday it was not considering immediate changes to domestic COVID-19 restrictions due to the Omicron. Retail sales gained 1.9% in November from a year earlier, government data showed on Monday, faster than economists' median forecast for a 1.7% gain and the 0.9% advance in October.
China's industrial profit growth tumbles as raw material prices fall
Profits at China's industrial firms grew at a much slower pace in November, the statistics bureau said on Monday, pressured by tumbling prices of some raw materials, a faltering property market and weaker consumer demand. Profits rose 9.0% on-year in November to 805.96 billion yuan ($126.54 billion), well off the 24.6% gain reported in October. For the January-November period, industrial firms' profits rose 38.0% year-on-year to 7.98 trillion yuan, slower than the 42.2% rise in the first 10 months of 2021, the statistics bureau said. China's red-hot factory-gate inflation cooled slightly in November, driven by a government crackdown on runaway commodity prices and an easing power crunch as Beijing scrambled to lessen the crippling economic effects of surging costs.
Risk sentiment dwindles during early Monday as global traders cheer the holiday mood
The 10-year government bond yield (interpolated) on the previous trading day was 1.94, +1.00 bps. The benchmark government bond yield (LB31DA, 10.0 years) was 1.94, +1.00 bps. LB31DA could be between 1.91-1.97. Meantime, the latest closed US 10-year bond yields was 1.50%, +4.00bps. USDTHB on the previous trading day closed around 33.42 Moving in a range from 33.41-33.52 this morning. USDTHB could be closed between 33.46-33.56 today. Meantime, The average number of new US coronavirus cases has risen 45% to 179,000 per day over the past week, per Reuters tally whereas the UK and France reported a fresh high of Covid-19 daily infections
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
