- USDTHB: moving in the range 35.46-35.50 this morning, supporting level of USDTHB is around 35.60 resistance level is around 36.00
- SET Index: 1,639.7 (+0.60%), 17 Aug 2022
- S&P 500 Index: 4,274.0 (-0.73%), 17 Aug 2022
- Thai 10-year government bond yield (interpolated): 2.43 (-0.1 bps), 17 Aug 2022
- US 10-year treasury yield: 2.89 (+7.00 bps), 17 Aug 2022
- Euro zone GDP 2nd quarter revised down slightly on growth
- U.S. retail sales flat in July
- UK inflation hits new 40-year high
- U.S. Treasury rise as markets await Fed meeting minutes
Euro zone GDP 2nd quarter revised down slightly on growth The statistical office of the European Union showed that the economy in the second quarter of 2022 expanded 3.9%yoy in the Euro Area and by 4.0% in the EU, slightly below the previous quarter at 5.4%yoy and 5.5%yoy. The second quarter growth was mainly a result of a strong performance by Italy and Spain, which grew 1.0% and 1.1%QoQ respectively, and came despite stagnation in the bloc’s biggest economy Germany. Besides, the employment in euro zone and EU rose 2.4%yoy and 2.3%yoy respectively, or 0.3%QoQ increase on both in the euro area and in the EU in the second quarter.
U.S. retail sales flat in July The U.S. Commerce Department reported retail sales in the U.S. increased 10.3%yoy in July. It follows an upwardly revised 8.5 percent rise in June. Excluding automobiles, gasoline, building materials and food services, core retail sales, correspond most closely with the consumer spending component of gross domestic product, increased by 0.8%yoy. On the other hand, sales at gasoline stations fell 1.8%yoy, reflecting a steady retreat in gas prices from the record highs seen in mid-June. Purchases at motor vehicle and parts dealers dropped 1.6%yoy.
UK inflation hits new 40-year high The Office for National Statistics published the report that the consumer price index rose 10.1%yoy in July, the highest since February 1982, which is above a consensus forecast of 9.8% and up from 9.4%yoy in June. Rising food prices made up 12.6%yoy, the largest upward contribution to annual inflation rates between June and July. Moreover, prices rose faster for housing and utilities at 20.0%yoy, restaurant and hotels 8.9%yoy. Core inflation (excludes energy, food, alcohol, and tobacco) came in at 6.2%yoy in July, rising from 5.8%yoy in June and ahead of projections of 5.9%yoy.
U.S. Treasury rise as markets await Fed meeting minutes The 10-year government bond yield (interpolated) on the previous trading day was 2.43, -0.1 bps. The benchmark government bond yield (LB31DA) was 2.35, -1.0 bps. LB31DA could be between 2.31-2.41. Meantime, the latest closed US 10-year bond yields was 2.89, +7.00 bps. USDTHB on the previous trading day closed around 35.43 Moving in a range of 35.46-35.50 this morning. USDTHB could be closed between 35.40-35.60 today. U.S. Treasury yields rose 8 bps to 2.90% yesterday, while the yield on the 30-year Treasury bond traded up nearly 4 bps to 3.15%. The yield on 2-year Treasury note was last up 10 bps at 3.35%, following on weaker demand for fixed income assets as investors await the release of the Federal Reserve’s minutes from its July meeting. British 2-year, also, gilt yields surged after the release, adding more than 26 bps to reach 2.41%, their highest point since November 2008.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
