- USDTHB: moving in the range 31.665 – 31.74 this morning, supportive level at 31.60 resistance level at 31.90
- SET Index: 1,383.0 (-1.96%), 9 Mar 2026
- S&P 500 Index: 6,796.0 (+0.83%), 9 Mar 2026
- Thai 10-year government bond yield (interpolated): 2.032 (+14.01 bps), 9 Mar 2026
- US 10-year treasury yield: 4.12 (-3.0 bps), 9 Mar 2026
- US inflation expectations steady, quits at record low in Fed survey
- China CPI hits 3-year high in February on holiday boost; PPI shrinks again
- Japan Q4 GDP revised higher on strong capex and private consumption
- European gas surges 15% as Middle East war disrupts LNG supplies
- Dollar rally; oil price jump as Iran war escalation
US inflation expectations steady, quits at record low in Fed survey
According to a Federal Reserve Bank of New York survey, US inflation expectations remained mostly unchanged at 3% over the next year, down from 3.1% in January. Expectations for inflation in three years and in five years were stable at 3%. Respondents saw lower odds of finding a job in the next three months if they lost their current one. Expectations of voluntarily quitting their position dropped to just below 16% — the lowest in data back to 2013. (PS. the survey was conducted February 2-28)
China CPI hits 3-year high in February on holiday boost; PPI shrinks again
China’s Consumer Price Index (CPI) rose 1.3%YoY in February, growing at its fastest level since February 2023, the figure was higher than expectations of 0.9% and accelerated sharply from the 0.2% rise seen in the prior month. The bump up in consumer inflation comes largely from increased spending during the Lunar New Year holiday in early-February. Beijing had extended the duration of the holiday to a record nine days this year. On the production front, Producer Price Index (PPI) fell 0.9%YoY in February, slightly below expectations for a drop of 1.1% and better than the 1.4% drop seen in the prior month. But the reading was down for a 42nd consecutive month, as sluggish local demand, and high production capacity kept factory gate prices largely under pressure.
Japan Q4 GDP revised higher on strong capex and private consumption
Japan’s GDP grew 1.3%YoY in the fourth quarter of 2025, much more than earlier estimates of 0.2%, after a 2.3% drop in the prior quarter. The key driver was from capital spending, which rose 1.3%QoQ in Q4, much more than prior estimates of 0.2%. Steady consumer spending, amid strong wage growth, also helped underpin overall growth, which grew 0.3%QoQ, more than prior estimates of 0.1% while also picking up from the 0.2% growth seen in the prior quarter. But external demand was unchanged. Japanese exports were dented by continued US trade tariffs, softer demand in China, and continued disruptions in key local industries, especially automobiles.
European gas surges 15% as Middle East war disrupts LNG supplies
The benchmark Dutch TTF Natural Gas Futures jumped 15.5% to 61.65 euros per megawatt-hour after touching as high as 69.50 euros earlier in the session. Natural Gas Futures were up 5.3% to $3.35 per MMBtu. The move builds on an extraordinary surge last week that saw prices soar as traders reacted to mounting supply risks. Today’s move higher was triggered by the forced closure of Ras Laffan in Qatar, the world’s largest liquefied natural gas complex, raising concerns about the availability of global LNG shipments. Even if hostilities were to stop immediately, market participants warn that the impact on supply chains could persist.
Dollar rally; oil price jump as Iran war escalation
The 10-year government bond yield (interpolated) on the previous trading day was 2.032, +14.01 bps. The benchmark government bond yield (LB365A) was 2.027, +13.44 bps. Meantime, the latest closed US 10-year bond yields was 4.12, -3.00 bps. USDTHB on the previous trading day closed around 32.07 Moving in a range of 31.665-31.74 this morning. USDTHB could be closed between 31.60-31.90 today. Both the dollar and oil surged on Monday after US and Israeli strikes on Iran’s oil facilities marked a potential escalation in the war. The dollar index jumped 0.6%, while Brent oil rallied as much as 30% and blew past $100 a barrel. On one hand, gold prices remain well above $5,000 an ounce but traded above their session lows.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
