- USDTHB : moving in the range 34.35 – 34.40 this morning, supporting level of USDTHB is around 34.20 resistance level is around 34.50
- SET Index: 1,667.7 (+0.35%), 28 Apr 2022
- S&P 500 Index: 4,287.5 (-2.44%), 28 Apr 2022
- Thai 10-year government bond yield (interpolated) : 2.82% (+0.20 bps), 28 Apr 2022
- US 10-year treasury yield: 2.85 (+3.00bps), 28 Apr 2022
- U.S. GDP fell annualized 1.4% due to imports and lower inventories
- Energy prices bump German inflation to four-decade high
- EU employment rate above pre-COVID levels in 2021
- Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
U.S. GDP fell annualized 1.4% due to imports and lower inventories
U.S. Gross domestic product shrunk at an annualized rate of 1.4% in the three months through March, down from 6.9% in the fourth quarter, and a much more negative first reading than had been expected. Consensus forecasts had been for growth of 1.1%. Analysts argued that the headline figure was misleadingly weak, being dominated by a big negative contribution from external trade and a drop in inventories. The trade deficit widened to over $270 billion in the first quarter. Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity picked up at a rate of 2.7% from the fourth-quarter's 2.5% pace. Workers shortages saw businesses boosting investment, with spending on equipment increasing at a 15.3% rate last quarter. They mostly bought computers and industrial machinery.
Energy prices bump German inflation to four-decade high
German inflation hit its highest level in more than four decades in April, pushed higher by natural gas and mineral oil products that have significantly increased in price since Russia's attack on Ukraine. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), rose an annual 7.8%, a rise from March's 7.6%, the Federal Statistics Office said on Thursday. The inflation reading from Germany, the biggest euro zone economy, precedes data on Friday for the whole 19-country bloc. Euro zone inflation hit a record high in March.
EU employment rate above pre-COVID levels in 2021
The employment rate in the European Union climbed back above 2019 levels last year, as the labour market started recovering from the pandemic, the bloc's statistics office said on Thursday. The share of employed Europeans rose to 73.1% last year from 71.7% in 2020 and 72.7% in 2019, the European Union's statistics office Eurostat said in a statement. In 2021, the employment rate of 16 out of 27 EU member states, including Poland, Romania, Greece and Malta, reached or exceeded pre-pandemic levels.
Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
The 10-year government bond yield (interpolated) on the previous trading day was 2.82, +0.20 bps. The benchmark government bond yield (LB31DA) was 2.70, +0.00 bps. LB31DA could be between 2.65-2.75. Meantime, the latest closed US 10-year bond yields was 2.85%, +3.00bps. USDTHB on the previous trading day closed around 34.44 Moving in a range from 34.35-34.40 this morning. USDTHB could be closed between 34.25-34.45 today. The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled-down on its dovish policy, sending the yen to its weakest level since 2002, while the euro hit a five-year low on growth concerns for the region. The dollar shot past the key level of 130 yen after the BOJ strengthened its commitment to keep interest rates ultra-low by vowing to buy unlimited amounts of bonds daily to defend its yield target.
