- USDTHB: moving in the range 37.90-38.02 this morning, supportive level at 37.80 resistance level at 38.20
· SET Index: 1,592.4 (-0.43%), 29 Sep 2022
· S&P 500 Index: 3,640.5 (+2.14%), 29 Sep 2022
· Thai 10-year government bond yield (interpolated): 3.27 (-2.80 bps), 29 Sep 2022
· US 10-year treasury yield: 3.76 (+4.00 bps), 29 Sep 2022
- US weekly jobless claims hit five-month low
- Euro zone economic sentiment falls sharply as inflation expectations rise
- German inflation hits double digits for first time in Euro era
- Sterling rallies for 3rd day after BoE bond buys; US dollar down
US weekly jobless claims hit five-month low The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal Reserve's stiff interest rate increases and slowing demand. The weekly unemployment claims report from the Labor Department, also showed jobless rolls shrinking to their lowest level in just over two months in mid-September. Initial claims for state unemployment benefits decreased 16,000 to a seasonally adjusted 193,000 for the week ended Sept. 24, the lowest level since April. Data for the prior week was revised to show 4,000 fewer applications filed than previously reported. Economists polled by Reuters had forecast 215,000 applications for the latest week.
Euro zone economic sentiment falls sharply as inflation expectations rise Euro zone economic sentiment fell sharply and by more than expected in September, as confidence dropped among companies and consumers, who are also downbeat about price trends in the coming months. The European Commission’s monthly economic sentiment index fell to 93.7 points in September from a downwardly revised 97.3 in August, compared with a decline to 95.0 forecast by economists polled by Reuters. Confidence fell in all economic sectors, including industry, services, retail trade and among consumers, Commission’s data showed, amid a rise in inflation expectations across the board. The fall in sentiment was most pronounced among manufacturers and consumers, with industry managers lowering their expectations for future production and exports.
German inflation hits double digits for first time in Euro era German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said Thursday. That’s more than the 10.2% economists in a Bloomberg survey had estimated. A spike in inflation was expected as Germany wound down summer discounts on public transport and fuel.
Sterling rallies for 3rd day after BoE bond buys; US dollar down
The 10-year government bond yield (interpolated) on the previous trading day was 3.27, -2.80 bps. The benchmark government bond yield (LB31DA) was 3.15, -5.0 bps. LB31DA could be between 3.10-3.25. Meantime, the latest closed US 10-year bond yields was 3.76, +4.00 bps. USDTHB on the previous trading day closed around 38.12 Moving in a range of 37.90-38.02 this morning. USDTHB could be closed between 38.10-38.30 today. Sterling rose sharply in volatile trading, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. The pound posted its largest one-day percentage gain since March 2020 and last traded at $1.1076, up 1.8%. After hitting an all-time trough of $1.0327 three days ago, sterling has rallied more than 7% against the dollar. The recovery in the British currency was due in part to the BoE's action.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
