- USDTHB: moving in the range 33.30 – 33.31 this morning, supportive level at 33.20 resistance level at 33.40
- SET Index: 1,591.24 (+0.85%), 30 June 2026
- S&P 500 Index: 7,499.36 (+0.79%), 30 June 2026
- Thai 10-year government bond yield (interpolated): 2.058 (+0.85 bps), 30 June 2026
- US 10-year treasury yield: 4.44 (+6.00 bps), 30 June 2026
- Oil eases amid cautious wait for US-Iran talks
- Mixed US economic data keep labor market in focus
- Eurozone inflation continues to ease as Germany, France surprise to the downside
- China PMI improves, but recovery remains uneven
- Thailand manufacturing softens amid weak auto production
- Dollar trades mixed ahead of key US payrolls report
Oil eases amid cautious wait for US-Iran talks
Oil prices edged lower as investors stayed cautious ahead of the upcoming US-Iran talks in Doha. News flow remained light, although a New York Times report said Iran and Oman are moving forward with plans to charge transit fees for ships passing through the Strait of Hormuz despite US opposition. With no major catalysts, crude prices gradually declined throughout the session, with WTI settling around USD 69/bbl and Brent near USD 72/bbl.
Mixed US economic data keep labor market in focus
US economic data painted a mixed picture. The JOLTS report was broadly encouraging, with job openings remaining largely unchanged from the previous month but exceeding market expectations, while both the quits rate and job openings rate were steady, pointing to resilient labor demand. Meanwhile, consumer confidence improved modestly from the previous month, though the increase fell short of expectations.
Eurozone inflation continues to ease as Germany, France surprise to the downside
Inflation across the euro area continued to moderate in June, supported by lower global oil prices. Germany’s inflation slowed more than expected to 2.4% from 2.7% in May, below market expectations of 2.5%. Earlier data also showed France’s inflation unexpectedly fell back to the ECB’s 2% target, while Italy’s headline inflation eased to 3.1%, surprising economists who had expected it to remain unchanged.
China PMI improves, but recovery remains uneven
China’s economic activity improved more than expected in June, with the official manufacturing PMI returning to expansion at 50.3 from 50.0 in May, while the non-manufacturing PMI edged up to 50.2. The composite PMI also rose to 50.6, suggesting a modest pickup in economic momentum.
Thailand manufacturing softens amid weak auto production
Thailand’s manufacturing production index (MPI) fell 0.8% YoY in May, while the capacity utilization rate declined to 59.6%. The weakness was mainly driven by lower automotive production amid slowing domestic and export demand.
Dollar trades mixed ahead of key US payrolls report
The 10-year government bond yield (interpolated) on the previous trading day was 2.058, +0.85 bps. The benchmark government bond yield (LB365A) was 2.05, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.44, +6.0 bps. USDTHB on the previous trading day closed around 33.23, moving in a range of 33.30 – 33.31 this morning. USDTHB could be closed between 33.20 – 33.40 today. The dollar traded mixed against its G10 peers amid light news flow, with little progress reported from the US-Qatar mediation talks, although further discussions are expected on Wednesday. Market focus has now shifted to Thursday’s June nonfarm payrolls report, which was brought forward ahead of the Independence Day holiday. Ahead of the release, US Treasury Secretary Scott Bessent said he would not be surprised if the jobs data came in “very strong,” while noting he had not seen the figures, and Cleveland Fed President Beth Hammack reiterated that the Fed may still need to consider further rate hikes.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
