- USDTHB: moving in the range 32.27-32.295 this morning, supportive level at 32.20 resistance level at 32.40
- SET Index: 1,259.3 (+0.8%), 3 Sep 2025
- S&P 500 Index: 6,448.3 (+0.5%), 3 Sep 2025
- Thai 10-year government bond yield (interpolated): 1.263 (-0.89 bps), 3 Sep 2025
- US 10-year treasury yield: 4.22 (-6.0 bps), 3 Sep 2025
- JOLTs job openings fall short of expectations, indicating a slowdown in US job market
- US Manufacturing activity contracted in August for a sixth month
- Eurozone producer price inflation slows less than expected in July
- People’s Party backs Anutin under strict terms as Pheu Thai counters with push to dissolve parliament
- Long bond yields rise, gold hits record on fiscal concerns
JOLTs job openings fall short of expectations, indicating a slowdown in US job market
The number of job openings on July stood at 7.18 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS). This reading followed the 7.35 million (revised from 7.43 million) openings recorded in June and came in below the market expectation of 7.4 million. Over the month, both hires and total separations were unchanged at 5.3 million. Within separations, both quits (3.2 million) and layoffs and discharges (1.8 million) were unchanged. The number of job openings decreased in health care and social assistance (-181,000); arts, entertainment, and recreation (-62,000); and mining and logging (-13,000).
US Manufacturing activity contracted in August for a sixth month
According to The Institute for Supply Management’s (ISM), the US manufacturing index came in at 48.7 last month. While a slight improvement from 48 in July, details of the report were mixed, and the gauge remained below the level of 50 that separates expansion and contraction. The group’s index of factory output sank 3.6 points to 47.8, moving back into contraction territory for the first time in three months. The group’s measure of employment inched up but remained at one of the weakest levels since the year of the pandemic. Select comments from survey participants were notably downbeat.
Eurozone producer price inflation slows less than expected in July
The Eurostat reported that Wholesale industrial prices across the eurozone increased more than anticipated in July– increased at a month-on-month rate of 0.4% in July. That's down from an 0.8% jump in June – which followed three straight monthly declines – but ahead of the 0.2% consensus forecast. The year-on-year rate of PPI inflation also slowed to 0.2% from 0.6%, but still came in above the 0.1% market estimate. Over the month of July, the price of energy rose 1.5% across the region, while capital goods prices gained 0.1% and prices for durable consumer goods rose 0.2%. In contrast, prices for intermediate goods fell 0.2%, while non-durable consumer goods remained steady.
People’s Party backs Anutin under strict terms as Pheu Thai counters with push to dissolve parliament
The People’s Party (PP) stunned the political establishment. Its leader, Natthaphong Ruengpanyawut, declared full parliamentary support for Bhumjaithai Party (BJT) leader Anutin Charnvirakul as Thailand’s next prime minister — but under strict conditions. However, even before the political dust could settle, the Pheu Thai Party (PTP) responded. Acting through caretaker Prime Minister Phumtham Wechayachai, the party submitted a formal request for a royal dissolution of the House of Representatives on Tuesday night. The move was confirmed on Wednesday morning.
Long bond yields rise, gold hits record on fiscal concerns
The 10-year government bond yield (interpolated) on the previous trading day was 1.263, -0.89 bps. The benchmark government bond yield (LB353A) was 1.248, -0.47 bps. Meantime, the latest closed US 10-year bond yields was 4.22, -6.00 bps. USDTHB on the previous trading day closed around 32.358 Moving in a range of 32.27 – 32.295 this morning. USDTHB could be closed between 32.20-32.40 today. Global bonds are facing renewed selling pressure as jitters around inflation, debt sales and fiscal discipline. Treasury yields advanced on Wednesday, with those on benchmark 30-year debt approaching within a whisker of the closely watched 5% level. Yields on UK 30-year bonds increased to 5.75%, already the highest since1998, while Japan’s 20-year notes climbed to the highest this century. Gold price also hit a record high, surpassing the previous peak reached in April.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
