· USDTHB: moving in the range 36.82-36.93 this morning, supportive level at 36.80 resistance level at 37.00
· SET Index: 1,630.4 (-0.73%), 16 Sep 2022
· S&P 500 Index: 3,873.3 (-0.72%), 16 Sep 2022
· Thai 10-year government bond yield (interpolated): 2.95 (+7.45 bps), 16 Sep 2022
· US 10-year treasury yield: 3.45 (+0.00 bps), 16 Sep 2022
- US consumer inflation expectations fall in September
- Euro zone inflation confirmed at 9.1% as energy, food prices surge
- Japan August core inflation seen hitting near 8-year high
- Dollar off 20-year peak as Fed headlines big central bank week
US consumer inflation expectations fall in September
US consumers' near-term inflation expectations fell to a one-year low in September and the outlook over the next five years also improved, easing fears that the Federal Reserve could raise interest rates by a full percentage point next week.The University of Michigan survey's reading of one-year inflation expectations dropped to 4.6%, the lowest since September 2021, from 4.8% in August. The survey's five-year inflation outlook slipped to 2.8%, falling below the 2.9%-3.1% range for the first time since July 2021.Consumer sentiment improved moderately in September, lifted by lower gasoline prices. Its preliminary reading on the overall index on consumer sentiment came in at 59.5 this month, slightly up from 58.6 in August. Economists polled by Reuters had forecast a preliminary reading of 60.0 in September.
Euro zone inflation confirmed at 9.1% as energy, food prices surge
Euro zone inflation hit another record high of 9.1% in August, EU statistics office Eurostat confirmed, driven by sharply higher energy and food prices, and was likely headed towards double figures. Consumer price inflation in the 19 countries using the euro rose 0.6% month-on-month and by 9.1% year-on-year, the highest rate since the euro was created in 1999. In its flash estimate at the end of August, Eurostat had given a monthly change figure of 0.5%. The annual figure of 9.1% was not revised. Eurostat said that 3.95 percentage points of the year-on-year change came from more expensive energy -- the costs of which surged because of Russia's invasion of Ukraine -- and 2.25 points from food, alcohol and tobacco. Core inflation - prices were still 5.5% higher than a year earlier, from 5.1% in July.
Japan August core inflation seen hitting near 8-year high
Japan’s core consumer inflation rate likely rose to a near eight-year high in August as companies passed on rising raw material costs fueled by the weak yen, highlighting persistent price pressures in the economy, a Reuters poll showed. Economists estimate the nationwide core consumer price index (CPI), which excludes volatile fresh food prices but includes energy, rose 2.7% last month from a year earlier. That would mark the fastest rise since November 2014 and follow a 2.4% annual gain seen in July.
Dollar off 20-year peak as Fed headlines big central bank week
The 10-year government bond yield (interpolated) on the previous trading day was 2.95, +7.45 bps. The benchmark government bond yield (LB31DA) was 2.72, +7.0 bps. LB31DA could be between 2.68-2.77. Meantime, the latest closed US 10-year bond yields was 3.45, +0.00 bps. USDTHB on the previous trading day closed around 37.01 Moving in a range of 36.82-36.93 this morning. USDTHB could be closed between 36.85-37.10 today. The dollar held about 1% below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday and followed by the Bank of Japan and Bank of England the next day. Currently, markets have priced in at least another 75-basis point increase for this week's Federal Open Market Committee's meeting, and 19% odds of a super-sized full percentage point bump.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
