- USDTHB: moving in the range 31.24 – 31.26 this morning, supportive level at 31.18 resistance level at 31.38
- SET Index: 1,283.2 (+0.59%), 19 Jan 2026
- S&P 500 Index: 6,940.0 (-0.06%), 16 Jan 2026
- Thai 10-year government bond yield (interpolated): 1.842 (+4.36 bps), 19 Jan 2026
- US 10-year treasury yield: 4.24 (+7.0 bps), 16 Jan 2026
- IMF sees solid global growth but flags risks
- EU weighs €93bn tariffs on US goods after new Trump threat
- Japan PM Takaichi to call snap election Friday
- China meets GDP target, but growth momentum continues to fade
- China home prices fall again in December amid persistent property weakness
- Dollar slips as haven FX bid on renewed trade tensions
IMF sees solid global growth but flags risks
The IMF nudged up its global growth outlook again, citing easing US tariff pressures and strong AI investment. In its latest update, it forecast global GDP growth of 3.3% in both 2025 and 2026, slightly higher than October estimates, with 2027 growth unchanged at 3.2%. While trade deals have supported the outlook, the IMF warned risks remain skewed to the downside, including geopolitical tensions, supply-chain disruptions, and renewed trade frictions.
EU weighs €93bn tariffs on US goods after new Trump threat
The EU is considering tariffs on €93bn of US goods if President Trump proceeds with a 10% levy on Europe from Feb. 1, with leaders set to hold an emergency meeting this week to discuss potential retaliation.
Japan PM Takaichi to call snap election Friday
Japanese Prime Minister Takaichi said she will formally call a snap election on Friday, 23 January 2025, with voting scheduled for 8 February. On policy, she signalled a shift away from overly restrictive fiscal settings, emphasising more strategic government spending. She also said she plans to suspend the sales tax on food for two years as part of efforts to improve the debt-to-GDP ratio.
China meets GDP target, but growth momentum continues to fade
China’s GDP grew 4.5% year-on-year in the December quarter, meeting expectations and lifting full-year 2025 growth to 5%, in line with Beijing’s target. Resilient exports and strong manufacturing drove growth, though the recovery remained uneven, with fixed asset investment contracting more than expected and retail sales missing forecasts in December.
China home prices fall again in December amid persistent property weakness
China’s new home prices fell again in December, underscoring persistent property-sector stress despite policy support. Prices dropped 0.37% month-on-month, while annual declines deepened to a five-month low of 2.7%, with secondary-market prices also weakening across major cities.
Dollar slips as haven FX bid on renewed trade tensions
The 10-year government bond yield (interpolated) on the previous trading day was 1.842, +4.36 bps. The benchmark government bond yield (LB353A) was 1.797, +6.94 bps. Meantime, the latest closed US 10-year bond yields was 4.24, +7.0 bps. USDTHB on the previous trading day closed around 31.28, moving in a range of 31.24 – 31.26 this morning. USDTHB could be closed between 31.18 – 31.38 today. The dollar softened amid renewed trade tensions, allowing G10 currencies to advance broadly. The Swiss franc emerged as the preferred safe haven, while the Japanese yen underperformed after PM Takaichi said she will formally call a snap election this Friday when the Lower House reconvenes. Antipodean currencies were supported by the continued strength in metals prices.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
