- USDTHB: moving in the range 37.58-37.75 this morning, supportive level at 37.50 resistance level at 37.75
· SET Index: 1,625.7 (+1.05%), 1 Nov 2022
· S&P 500 Index: 3,856.1 (-0.41%), 1 Nov 2022
· Thai 10-year government bond yield (interpolated): 3.25 (-1.75 bps), 1 Nov 2022
· US 10-year treasury yield: 4.07 (-3.0 bps), 1 Nov 2022
- US job openings bounce sharply in Sept but ISM manufacturing PMI falls
- UK house prices fell the most in 2 years in September amid mortgage crisis
- Chinese manufacturing activity shrinks in October
- Oil rises on unexpected US inventory draw, Fed limits gains
US job openings bounce sharply in Sept but ISM manufacturing PMI falls The Labor Department's monthly survey of Job Openings and Labor Turnover showed a sharp rebound in vacancies in September, after an August drop that many thought would herald a broader slowdown. Vacancies rose by nearly half a million to 10.717 million from an August figure that itself revised up to 10.280 million. They remain in a downward trend stretching back to the first quarter of the year, even so. At the same time, a closely-watched gauge of business activity also turned out a little stronger than expected. The Institute for Supply Management's manufacturing purchasing managers index fell to 50.2 from 50.9 - slightly higher than consensus forecasts for 50, the level that typically divides expansion from contraction.
UK house prices fell the most in 2 years in September amid mortgage crisis UK house prices fell at their fastest rate since the early days of the pandemic in September, as the mortgage market seized up due to the chaos of Liz Truss’s ill-fated premiership. Average home prices fell 0.9% on the month, according to the index compiled by the lender Nationwide, leaving them up 7.2% from a year earlier. That’s the slowest rate of annual growth since April 2021. The numbers reflect a miserable month for the mortgage market, in which lenders withdrew hundreds of product offerings as market interest rates skyrocketed in response to Truss’s ‘mini-budget’.
Chinese manufacturing activity shrinks in October Chinese manufacturing activity shrank for a third straight month in October, a private survey showed on Tuesday, as COVID-related lockdowns continued to disrupt the country’s massive industrial sector. China’s yuan slumped to a nearly 15-year low after the reading, trading down 0.3% at 7.3228 against the dollar. The Caixin Purchasing Managers index came in at 49.2 for October. The reading was slightly better than expectations of 49.0 and September’s figure of 48.1. Still, a reading below 50 indicates contraction, and this is the third straight month that the Caixin PMI has read below 50.
Oil rises on unexpected US inventory draw, Fed limits gains The 10-year government bond yield (interpolated) on the previous trading day was 3.25, -1.75 bps. The benchmark government bond yield (LB31DA) was 3.19, -12.0 bps. LB31DA could be between 3.05-3.25. Meantime, the latest closed US 10-year bond yields was 4.07, -3.0 bps. USDTHB on the previous trading day closed around 37.90 Moving in a range of 37.58-37.75 this morning. USDTHB could be closed between 37.60-37.90 today. Oil prices rose on Wednesday after data suggested U.S. crude inventories unexpectedly shrank in the prior week, although gains were limited as markets hunkered down before a widely-anticipated interest rate hike by the Federal Reserve. Still, crude markets were riding strong gains from Tuesday amid rumors that China plans to scale back its strict zero-COVID policy by March 2023. Data from the American Petroleum Institute (API) showed that U.S. crude stockpiles fell by 6.5 million barrels in the week to October 28, much higher than estimates for a rise of 267,000 barrels and a build of 4.5 million barrels in the prior week.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
