- USDTHB: moving in the range 32.73 – 32.78 this morning, supportive level at 32.65 resistance level at 32.88
- SET Index: 1,517.95 (-1.38%), 15 May 2026
- S&P 500 Index: 7,408.50 (-1.24%), 15 May 2026
- Thai 10-year government bond yield (interpolated): 2.245 (+6.98 bps), 15 May 2026
- US 10-year treasury yield: 4.59 (+12.00 bps), 15 May 2026
- Markets shift focus to the middle east after Xi-Trump summit ends
- US industrial production rises by most in over a year
- Fed appoints Powell interim chair ahead of turbulent Warsh transition
- Thai PM meets business leaders as economic pressures mount
- Dollar strengthens on rising yields, inflation fears, and persistent middle east tensions
Markets shift focus to the middle east after Xi-Trump summit ends
The Trump–Xi summit ended with slightly less tension in tone, but no real breakthrough in the US–China conflict. Both sides said they want “stable” relations and to manage competition, with talks seen as generally positive but only leading to small, practical steps like keeping communication open and limited cooperation on trade and energy. Markets were somewhat reassured that escalation risks are lower for now, but big issues remain unresolved, especially Taiwan and wider US concerns such as Iran. Attention has shifted back to tensions in the Middle East, with reports during the week suggesting that military options remain under consideration. On weekend, Donald Trump signaled growing impatience with Iran, warning that “the clock is ticking” and urging Tehran to move “FAST” or face severe consequences. Meanwhile, news reported that a drone strike near a nuclear plant in the UAE.
US industrial production rises by most in over a year
US industrial production rose 0.7% in April, the strongest gain in over a year and above expectations, led by a 0.6% rise in manufacturing. Utilities rebounded while mining dipped. The data points to resilience in the sector despite higher input costs from tariffs and geopolitical tensions, supported by fiscal stimulus and data center demand, though some gains may reflect stockpiling. Factory capacity utilization also rose to 75.8%, the highest since September.
Fed appoints Powell interim chair ahead of turbulent Warsh transition
The Federal Reserve appointed Jerome Powell as interim Chair of the Board of Governors until his successor, Kevin Warsh, is officially sworn in. Powell’s four-year term as Chair has ended, and while the US Senate has confirmed Warsh as the next Fed leader, he has yet to assume office. The Board voted 5–1 in favor of the interim designation, with Governor Miran dissenting and Vice Chair for Supervision Michelle Bowman abstaining.
Thai PM meets business leaders as economic pressures mount
Thai Prime Minister Anutin Charnvirakul met top billionaires and business leaders to address an economy facing “a wave of crises” linked to the Middle East conflict. Talks focused on investment, competitiveness, jobs, and long-term growth to bolster confidence and support momentum amid weak global demand and slower growth versus regional peers.
Dollar strengthens on rising yields, inflation fears, and persistent middle east tensions
The 10-year government bond yield (interpolated) on the previous trading day was 2.245, +6.98 bps. The benchmark government bond yield (LB365A) was 2.26, +9.00 bps. Meantime, the latest closed US 10-year bond yields was 4.59, +12.0 bps. USDTHB on the previous trading day closed around 32.53, moving in a range of 32.73 – 32.78 this morning. USDTHB could be closed between 32.65 – 32.88 today. The dollar strengthened as rising global bond yields and inflation concerns fueled demand for safe-haven assets, while markets increasingly priced in a prolonged geopolitical conflict amid continued lack of progress toward a lasting resolution. Meanwhile, the Japanese yen outperformed within G10 FX despite higher yields and oil prices, benefiting from weaker risk appetite, as USD/JPY rose toward 160 — a level closely watched following recent intervention, though doubts remain over its effectiveness given the external drivers of yen weakness.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
