- USDTHB: moving in the range 31.15 – 31.25 this morning, supportive level at 31.13 resistance level at 31.33
- SET Index: 1,528.3 (-0.35%), 27 Feb 2026
- S&P 500 Index: 6,878.9 (-0.43%), 27 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.707 (-1.36 bps), 27 Feb 2026
- US 10-year treasury yield: 3.97 (-5.0 bps), 27 Feb 2026
- Iran’s supreme leader killed in major attack by US and Israel after failing the nuclear talk
- US PPI increase strongly in January
- Germany’s inflation eased, preliminary shows
- OPEC+ raise oil output slightly on Iran disrupt shipments
- Thailand banned all petroleum product exports as the closure of the Strait of Hormuz
- Dollar gains as Iran war lifts energy prices
Iran’s supreme leader killed in major attack by US and Israel after failing the nuclear talk
Iranian Supreme Leader Ayatollah Ali Khamenei was killed in a major attack by Israel and the US. President Donald Trump green-lit the strikes after the Islamist regime in Tehran failed to meet his expectations in nuclear negotiations. Iran quickly retaliated, firing missiles across the region, where the US has numerous troops in an array of bases. The killing of Khamenei in the second Trump administration assault on Iran in eight months appeared certain to create a leadership vacuum given the absence of a known successor and because the 86-year-old supreme leader had final say on all major policies during his decades in power.
US PPI increase strongly in January
The US Producer Price Index (PPI) for final demand increased 2.9%YoY or 0.5%MoMsa in January, which better than market expectation, a pickup from December’s 0.4% rate, according to the latest data from the Bureau of Labor Statistics. The annual rate of inflation nudged down to 2.9% from 3%. The PPI was boosted by a widening in margins, including for professional and commercial equipment wholesaling as well as apparel, footwear, and accessories retailing. The index for final demand excluded foods, energy, and trade services moved up 0.3% in January, the ninth consecutive increase as businesses passed on import tariffs and raised prices at the start of 2026.
Germany’s inflation eased, preliminary shows
Germany's inflation rate stood at 1.9% in February, dropping from 2.1% registered in January, the country's statistical office Destatis revealed in its preliminary report issued on Friday. The figure came in slightly lower than market estimates. Compared to the previous month, the index grew by 0.2%. The flash estimate projected that core inflation, which excludes food and energy, arrived at 2.5%. Meanwhile, the Harmonized Index of Consumer Prices (HICP) was forecast to have increased by 2%YoY and 0.4%MoM.
OPEC+ raise oil output slightly on Iran disrupt shipments
OPEC+ has agreed in principle to raise production by 206,000 barrels per day (bpd) effective on April 2026. The hike is just 1.5 times bigger than the 137,000-barrel increments made by the group in December. The meeting on Sunday involved only eight members of OPEC+ (Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman). The members raised production quotas by about 2.9 million bpd from April through December 2025, roughly 3% of global demand, before pausing increases for the first three months of 2026 due to seasonal weakness.
Thailand banned all petroleum product exports as the closure of the Strait of Hormuz
Energy Minister Auttapol Rerkpiboon announced the emergency directive on Sunday, 1 March, alongside the activation of the Energy Emergency Surveillance Centre. An "Energy Emergency Surveillance Centre" has been activated to manage the crisis and safeguard the nation's 60-day strategic fuel reserve. The move is designed to hoard domestic supplies and insulate the public from a predicted surge in global crude prices.
Dollar gains as Iran war lifts energy prices
The 10-year government bond yield (interpolated) on the previous trading day was 1.707, -1.36 bps. The benchmark government bond yield (LB365A) was 1.723, -1.13 bps. Meantime, the latest closed US 10-year bond yields was 3.97, -5.00 bps. USDTHB on the previous trading day closed around 31.07 Moving in a range of 31.15-31.25 this morning. USDTHB could be closed between 31.13-31.33 today. Dollar gains in near-term support following the latest U.S. and Israeli military action against Iran, even as the broader currency reaction may remain uneven. Oil prices are markets' initial top focus and leapt around 9% in early Monday trade on the disruption to seaborne trade.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
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