- USDTHB: moving in the range 33.405 - 33.415 this morning, supportive level at 33.30 resistance level at 33.55
- SET Index: 1,473.1 (+0.50%), 9 Nov 2026
- S&P 500 Index: 7,549.9 (+2.32%), 9 Nov 2026
- Thai 10-year government bond yield (interpolated): 2.05 (-0.93 bps), 9 Nov 2026
- US 10-year treasury yield: 4.88 (+2 bps), 9 Nov 2026
- U.S. consumers keep inflation expectations at 3.9%, but job worries deepen
- China producer inflation hits four-year high while consumer prices lose steam
- Taiwan exports surge to a record as AI server demand stays strong
- German exports rebound in September, but trade surplus narrows sharply
- Thailand targets THB 5.4 trillion in extra revenue under Reinvent Thailand plan
- Dollar eases from last week’s levels ahead of U.S. CPI
U.S. consumers keep inflation expectations at 3.9%, but job worries deepen
The New York Fed's Survey of Consumer Expectations showed median one-year-ahead inflation expectations unchanged at 3.9% in October, holding at the highest level since 2023, with the three-year and five-year horizons steady at 3.3% and 3.0%. However, the perceived probability that U.S. unemployment will be higher a year from now rose 1.4 pp to 45.3%, the highest since April 2020. Expected rent growth also climbed 0.9 pp to 7.7%.
China producer inflation hits four-year high while consumer prices lose steam
China's producer price index rose 5.7%y/y in October from 5.0% in September, well above the 5.3% consensus and the fastest pace since June 2022, according to the National Bureau of Statistics. On a monthly basis, PPI rose 0.7%m/m, easing from 1.2%, as coal mining (+36.6%y/y) and oil and gas extraction (+35.0%y/y) led the gains. In contrast, CPI slowed to 0.7%y/y from 0.9%, below the 0.8% consensus, as food prices fell 2.9%y/y, and core CPI eased to 0.8% from 1.0%. Higher Chinese factory-gate prices could add to imported cost pressures for regional manufacturers, including Thailand.
Taiwan exports surge to a record as AI server demand stays strong
Taiwan's exports jumped 58.9%y/y to a record USD 96.76 billion in October, the 36th straight month of growth, the Ministry of Finance reported. Shipments of information, communications and audiovisual products rose 72.9% to USD 47.6 billion, while electronic components climbed 61.4% (integrated circuits +63.0%). Exports to the U.S. hit a record USD 32.93 billion (+55.9%), and imports rose 75.1%, leaving a trade surplus of USD 27.88 billion. The ministry expects November exports to grow 47-51%y/y, which bodes well for Thai electronics exports in the coming months.
German exports rebound in September, but trade surplus narrows sharply
German exports rose 2.0%m/m to EUR 141.1 billion in September, reversing a 0.4% decline in August and beating the 0.5% consensus, according to Destatis. However, imports jumped 4.2%m/m to EUR 125.5 billion, narrowing the trade surplus to EUR 15.6 billion from EUR 17.9 billion, below the EUR 18.1 billion consensus. Exports to the EU rose 3.5%, whereas shipments to the U.S. (-0.5%), China (-5.2%) and the UK (-4.7%) declined.
Thailand targets THB 5.4 trillion in extra revenue under Reinvent Thailand plan
Finance Minister Ekniti Nitithanprapas said the government will drive investment in seven target industries under the Reinvent Thailand initiative, aiming to generate an additional THB 5.4 trillion in revenue by 2030. The plan seeks to lift GDP growth above 3%, raise the investment-to-GDP ratio to 30% from 23% and move Thailand into the top 20 of global competitiveness rankings from 26th. Health and wellness carries the largest target (THB 1.1 trillion), followed by the creative economy (THB 970 billion) and agriculture and food processing (THB 860 billion), while smart electronics aims for THB 500 billion.
Dollar eases from last week’s levels ahead of U.S. CPI
The 10-year government bond yield (interpolated) on the previous trading day was 2.05, -0.93 bps. The benchmark government bond yield (LB365A) was 1.97, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.88, 2.00 bps. USDTHB on the previous trading day closed around 33.55 Moving in a range of 33.405 - 33.415 this morning. USDTHB could be closed between 33.30 - 33.55 today. The dollar weakened after easing tensions between the U.S. and Iran supported risk sentiment. Meanwhile, U.S. consumers continue to expect inflation to remain elevated, but concerns about future job prospects are growing, suggesting a mix of persistent price pressures and increasing economic uncertainty. U.S. CPI data will be the key market focus tonight as investors assess the outlook for Federal Reserve policy.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
