- USDTHB: moving in the range 32.63 – 32.66 this morning, supportive level at 32.55 resistance level at 32.80
- SET Index: 1,570.95 (+1.13%), 27 May 2026
- S&P 500 Index: 7,520.36 (+0.02%), 27 May 2026
- Thai 10-year government bond yield (interpolated): 2.328 (-1.47 bps), 27 May 2026
- US 10-year treasury yield: 4.48 (-2.00 bps), 27 May 2026
- US–Iran negotiation optimism holds despite Trump pushback
- UK energy price cap rises 13% as Iran War drives up costs
- China’s K-shaped extends to industrial profits as AI booms
- BoK holds rates steady with policy outlook uncertain
- Thailand eyes $5 billion from notes and loans
- Dollar trades flat despite geopolitical headlines
US–Iran negotiation optimism holds despite Trump pushback
Markets saw crude oil trade lower as optimism over US–Iran negotiations continued to drive sentiment since the weekend. Initial downside followed Iranian state TV reports of a draft MoU with the US, briefly weighing on prices before losses were pared after the White House rejected the claims. The draft reportedly outlined coordinated shipping management through the Strait of Hormuz with Oman and conditions requiring “tangible verification,” though details remained unconfirmed. In later US trade, President Trump reiterated there would be no sanctions relief tied to uranium concessions and made further geopolitical remarks, but these had limited market impact as focus remained on the potential for a broader diplomatic breakthrough. In addition, the US reportedly carried out a second strike on Iran this week.
UK energy price cap rises 13% as Iran War drives up costs
UK households face the sharpest rise in energy bills since 2023, driven by higher wholesale gas and power prices following the conflict in Iran. The energy price cap will increase by 13% to £1,862 from July 1, marking the first adjustment to fully reflect Middle East turmoil.
China’s K-shaped extends to industrial profits as AI booms
China’s industrial profits rose sharply, driven by AI-related sectors and higher oil prices, masking broader economic weakness. Profits increased 24.7% in April from a year earlier, with electronics surging 108% over the first four months and accounting for nearly half of total gains. However, downstream industries continued to struggle with double-digit declines.
BoK holds rates steady with policy outlook uncertain
The Bank of Korea held the seven-day repurchase rate at 2.5%, as expected, maintaining a cautious stance as policymakers weighed rising inflation pressure from higher oil prices against uncertainty surrounding the broader economic outlook.
Thailand eyes $5 billion from notes and loans
The Public Debt Management Office (PDMO) will raise funds gradually to match government spending needs, starting with 35 billion baht in short-term financing through promissory notes and loans. These have a four-year term and may later be converted into long-term bonds. Borrowing costs are expected to stay low at around 1.2% based on THOR plus a spread. The Finance Ministry said the Thai Chuay Thai Plus program will be funded from 175 billion baht within a 400-billion-baht emergency loan package, with funds raised in four monthly installments to align with spending and keep costs below 2%.
Dollar trades flat despite geopolitical headlines
The 10-year government bond yield (interpolated) on the previous trading day was 2.328, -1.47 bps. The benchmark government bond yield (LB365A) was 2.31, -3.00 bps. Meantime, the latest closed US 10-year bond yields was 4.48, -2.0 bps. USDTHB on the previous trading day closed around 32.59, moving in a range of 32.63 – 32.66 this morning. USDTHB could be closed between 32.55 – 32.80 today. The dollar entered the APAC session slightly firmer after muted FX trading despite heavy geopolitical headlines. Focus now shifts to Thursday’s US PCE inflation data.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
