- USDTHB : moving in the range 33.27 – 33.33 this morning, USDTHB sentiment is the same as last month, still expect an uptrend in short term, supporting level 33.15
- SET Index: 1,657.6 (+0.26%), 30 Dec 2021
- S&P 500 Index: 4,796.6 (+0.64%), 3 Jan 2021
- Thai 10-year government bond yield (interpolated) : 1.89% (+0.00 bps), 30 Dec 2021
- US 10-year treasury yield: 1.63 (+11.00bps), 3 Jan 2021
- UK government seeks to mitigate workforce disruption from Omicron
- Japan's factory activity growth softens in December -PMI
- Mexico inflation seen at highest level in two decades in December: Reuters poll
- Dollar Down, but Hits One-Month High Against Yen Over Rate Hike Bets
UK government seeks to mitigate workforce disruption from Omicron
The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25% staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of COVID-19. "So far, disruption caused by Omicron has been controlled in most parts of the public sector, but public sector leaders have been asked to test plans against worst case scenarios of workforce absence of 10%, 20% and 25%," it said. The impact of Omicron on workforces in supply chains, public services and schools is being closely monitored, it said. Mitigations being considered include asking for volunteers such as retired teachers to go back to work. The daily number of new COVID-19 infections across the United Kingdom rose to a record 189,846 on Friday, far higher than during previous peaks. However, hospitalisations and deaths have remained at much lower levels than in previous waves.
Japan's factory activity growth softens in December -PMI
Japan's manufacturing activity grew for an 11th straight month in December, but at a slower pace than in the prior month as output and new order growth softened while cost pressures stayed elevated. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) in December fell to 54.3 on a seasonally adjusted basis, easing from the previous month's 54.5. "Domestic markets were buoyed by a gradual recovery from the COVID-19 pandemic," said Usamah Bhatti, economist IHS Markit. A recovery in parts supplies eased some of the strains in car manufacturing, even as high-tech chips remain in great demand around the world. But foreign orders for Japanese manufactured goods saw their growth rate soften compared to the average for the year.
Mexico inflation seen at highest level in two decades in December: Reuters poll
Mexican annual inflation likely accelerated to a two-decade high in December, a Reuters poll showed on Monday, reinforcing expectations that the central bank will raise its key interest rate for the sixth consecutive time next month. The consensus forecast was for inflation to advance to 7.51% from 7.37% in November. If the prediction is correct, that would be the highest rate seen since January 2001, when inflation hit 8.11%. The core rate of inflation, which strips out some volatile food and energy items, was seen accelerating to 5.94%, which would be the highest since October 2001. The Bank of Mexico (Banxico) raised its benchmark interest rate more than expected last month to 5.50% as it sought to contain rising price pressures. Banxico's next monetary policy meeting is scheduled for Feb. 10.
Dollar Down, but Hits One-Month High Against Yen Over Rate Hike Bets
The 10-year government bond yield (interpolated) on the previous trading day was 1.89, +0.00 bps. The benchmark government bond yield (LB31DA, 10.0 years) was 1.89, +0.00 bps. LB31DA could be between 1.87-1.92. Meantime, the latest closed US 10-year bond yields was 1.63%, +11.00bps. USDTHB on the previous trading day closed around 33.40 Moving in a range from 33.27-33.33 this morning. USDTHB could be closed between 33.26-33.36 today. Meantime, The dollar was down on Tuesday morning in Asia but climbed to its strongest level in more than a month against the Japanese yen. A jump in U.S. Treasury yields overnight as investors bet on an early U.S. Federal Reserve interest rate hike also gave the U.S. currency a small boost.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
