- USDTHB: moving in the range 33.495 – 33.52 this morning, supportive level at 33.40 resistance level at 33.60
- SET Index: 1,577.65 (+0.45%), 9 Oct 2026
- S&P 500 Index: 7,811.54 (+0.59%), 9 Oct 2026
- Thai 10-year government bond yield (interpolated): 2.370 (-2.18bps), 9 Oct 2026
- US 10-year treasury yield: 5.240 (+2.00bps), 9 Oct 2026
- Oil settled above US$104 as hurricane disruption outweighed tentative US–Iran diplomacy
- US consumer confidence weakened while inflation expectations remained uncomfortably high
- Italian production contracted as Europe confronted uneven growth and renewed price pressure
- Japanese
household spending remained weak, but the contraction was milder than
expected
- Canada employment declines for a second month
- Dollar supported as oil-driven inflation
Oil settled above US$104 as hurricane disruption outweighed tentative US–Iran diplomacy
Brent ended Friday at US$104.72/bbl, while WTI closed at US$91.85/bbl, as Hurricane Isaias prompted shutdowns exceeding 70% of US Gulf crude production. Prices initially declined after President Trump described talks with Iran as productive and ruled out an attack before the 3 November midterm election, but shipping risks around the Strait of Hormuz and new US sanctions kept the geopolitical premium elevated.
US consumer confidence weakened while inflation expectations remained uncomfortably high
The preliminary Michigan Consumer Sentiment Index fell to 46.3 in October, below the 47.5 forecast and September’s 48.1, while current conditions dropped sharply to 44.7. One-year inflation expectations rose to 4.7% from 4.6%, and five-year expectations edged up to 3.5%, reinforcing the risk that the Federal Reserve may need to maintain restrictive policy despite weaker household confidence.
Italian production contracted as Europe confronted uneven growth and renewed price pressure
Italy’s industrial production fell 1.3% month on month in August, missing the 0.0% forecast, while annual output was unchanged. Elsewhere, Greece’s inflation accelerated to 5.0%, with harmonised inflation at 5.1%, highlighting the uneven balance between weak industrial activity and persistent price pressure across Europe.
Japanese household spending remained weak, but the contraction was milder than expected
Japanese household spending declined 3.1% year on year in August, better than the 3.5% fall expected and the previous 3.6% contraction, although spending has now fallen for nine consecutive months. Monthly expenditure increased only 0.1%, below the 0.5% forecast, indicating that elevated living costs continue to restrain domestic demand.
Canada employment declines for a second month
Canada lost about 68,000 jobs in September following August's decline, and unemployment rose to 6.5% from 6.4%. Job losses were concentrated in education, health care and manufacturing. Average hourly wage growth nevertheless increased to 2.3% year on year from 2.0%. The weakness in hiring raises concerns about domestic demand, while firmer wage growth complicates the inflation.
Dollar supported as oil-driven inflation
The 10-year government bond yield (interpolated) on the previous trading day was 2.370 (-2.18bps). The benchmark government bond yield (LB365A) was 2.319, -2.07 bps. Meantime, the latest closed US 10-year bond yields was 5.240 (+2.00bps). USDTHB on the previous trading day closed around 33.56, moving in the range 33.495 – 33.52 this morning. USDTHB could be closed between 33.40-33.60 today. With Brent above US$104/bbl and US one-year inflation expectations rising to 4.7%, higher inflation risk and safe-haven demand should keep the dollar firm in the near term.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
