- USDTHB : moving in the range 35.30 – 35.50 this morning, supporting level of USDTHB is around 35.25 resistance level is around 35.50
- SET Index: 1,568.3 (-1.13%), 30 Jun 2022
- S&P 500 Index: 3,785.4 (-0.88%), 30 Jun 2022
- Thai 10-year government bond yield (interpolated) : 2.90% (-3.80 bps), 30 Jun 2022
- US 10-year treasury yield: 3.10 (-10.00 bps), 30 Jun 2022
- U.S. consumer spending, underlying inflation slow in May
- China’s June factory activities expand as COVID-19 curbs ease
- Japan business mood worsens on hit from China's lockdown, rising costs
- Euro reverses fall, dollar drops ahead of euro zone price data
U.S. consumer spending, underlying inflation slow in May
U.S. consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of other goods, another sign that the rebound in economic growth early in the second quarter was losing steam. Consumer spending gained 0.2% in May, the smallest rise in five months. Inflation maintained its upward trend in May. The personal consumption expenditures (PCE) price index rose 0.6% last month after gaining 0.2% in April. In the 12 months through May, the PCE price index climbed 6.3% after a similar gain in April. Core PCE price index advanced 4.7% on a year-on-year basis in May, the smallest increase since last November, after rising 4.9% in April.
China’s June factory activities expand as COVID-19 curbs ease
China’s factory activities expanded in June, for the first time since February, as authorities lifted COVID lockdowns in major cities such as Shanghai. Official data from the National Bureau of Statistics (NBS) showed that manufacturing purchasing managers’ index (PMI) rose to 50.2 in June from 49.6 in May. With COVID-19 lockdowns imposed on major cities such as Shanghai being rolled back, China’s factory activities showed a sign of reviving. However, headwinds persist, including a subdued property market, weak consumer confidence, and fears of recurring waves of outbreaks.
Japan business mood worsens on hit from China's lockdown, rising costs
The mood among Japan's big manufacturers' soured for a second straight quarter in the three months to June, a central bank survey showed on Friday, hit by rising input costs and supply disruptions caused by China's strict COVID-19 lockdowns. But confidence among big non-manufacturers improved in the quarter, the "tankan" quarterly survey showed, suggesting service-sector firms are shaking off the drag from the pandemic as the government lifts curbs on activity.
Euro reverses fall, dollar drops ahead of euro zone price data
The 10-year government bond yield (interpolated) on the previous trading day was 2.90, -3.80 bps. The benchmark government bond yield (LB31DA) was 2.80, -5.00 bps. LB31DA could be between 2.75-2.85. Meantime, the latest closed US 10-year bond yields was 2.98%, -12.00bps. USDTHB on the previous trading day closed around 35.29 Moving in a range from 35.30-35.50 this morning. USDTHB could be closed between 35.30-35.60 today. The euro recovered on Thursday from a two-week low against the dollar, which sputtered after fresh inflation data showed U.S. consumer spending rose less than expected in May. Markets will now look to euro zone inflation figures due on Friday to get a better sense of how aggressive the ECB might be in hiking rates.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
