- USDTHB: moving in the range 32.47-32.49 this morning, supportive level at 32.35 resistance level at 32.65
- SET Index: 1,274.2 (-1.1%), 30 Sep 2025
- S&P 500 Index: 6,688.5 (+0.41%), 30 Sep 2025
- Thai 10-year government bond yield (interpolated): 1.418 (-4.15 bps), 30 Sep 2025
- US 10-year treasury yield: 4.16 (+1.0 bps), 30 Sep 2025
- US government shutdown imminent after senate blocks GOP bill
- US JOLTs job openings exceed forecasts
- US consumer confidence weakens in September on labor market worries
- China’s official PMI slump extends to longest since 2019
- Thailand’s August factory output drops sharply
- Dollar slips amid month- and quarter-end flows
US government shutdown imminent after senate blocks GOP bill
A Republican bill to fund the government for seven weeks failed in the Senate on Tuesday, falling short in a 55–45 vote, below the 60 needed to pass. This second failed attempt clears the way for a US government shutdown starting at midnight, forcing agencies to halt all non-essential operations and risking widespread disruptions. The shutdown is also expected to delay Friday’s nonfarm payrolls report.
US JOLTs job openings exceed forecasts
US job openings rose to 7.23 million in August, slightly above expectations and up from a revised 7.21 million. Hires and separations held steady at 5.1 million, with quits at 3.1 million and layoffs at 1.7 million. The vacancy rate was unchanged at 4.3%, while the quits rate dipped to 1.9% from 2.0%.
US consumer confidence weakens in September on labor market worries
US consumer confidence fell to 94.2 in September from 97.8, the lowest since April 2025 and below expectations of 96.0. The Present Situation Index dropped to 125.4 from 132.4, while Expectations slipped to 73.4. Fewer consumers viewed business conditions as “good”, and perceptions of job availability weakened, with only 26.9% saying jobs were “plentiful”—the lowest in years. Concerns about the labor market outlook increased, though income expectations improved slightly.
China’s official PMI slump extends to longest since 2019
China’s factory activity contracted for a sixth straight month in September, marking the longest slump since 2019. The official manufacturing PMI rose slightly to 49.8 from 49.4 but remained below the 50 mark, signaling contraction. Non-manufacturing activity dipped to 50.0 from 50.3, also missing forecasts. In contrast, private surveys painted a more optimistic picture, with the RatingDog manufacturing PMI rising to 51.2 from 50.5 and services improving to 52.9 from 53.0. Private data has generally outperformed official readings over the past year amid resilient exports.
Thailand’s August factory output drops sharply
Thailand’s factory output fell more than expected in August, with the manufacturing production index down 4.19% year-on-year, compared to a forecast 2% decline and a 3.98% drop in July.
Dollar slips amid month- and quarter-end flows
The 10-year government bond yield (interpolated) on the previous trading day was 1.418, -4.15 bps. The benchmark government bond yield (LB353A) was 1.403, -3.85 bps. Meantime, the latest closed US 10-year bond yields was 4.16, +1.0 bps. USDTHB on the previous trading day closed around 32.33, moving in a range of 32.47 – 32.49 this morning. USDTHB could be closed between 32.35 – 32.65 today. The dollar saw slight losses on Tuesday amid month- and quarter-end flows, with focus on Fed commentary, US data, and the potential government shutdown. G10 currencies were broadly stronger against the greenback, led by the Australian dollar following the RBA decision, with the Japanese yen also gaining.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
