- USDTHB: moving in the range 36.05-36.12 this morning, supportive level at 36.00 resistance level at 36.30
· SET Index: 1,615.3 (-0.22%), 22 Nov 2022
· S&P 500 Index: 4,003.6 (+1.35%), 22 Nov 2022
· Thai 10-year government bond yield (interpolated): 2.78 (-0.56 bps), 22 Nov 2022
· US 10-year treasury yield: 3.76 (-7.0 bps), 22 Nov 2022
- World shares rise, U.S. Treasury yields fall ahead of Fed minutes
- Eurozone consumer confidence rises by more than expected in Nov.
- RBNZ hikes rates by record 75 bps, warns of economic slowdown
- Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty
World shares rise, U.S. Treasury yields fall ahead of Fed minutes Global equities rose on Tuesday while U.S. Treasury yields fell as investors awaited the release of the Federal Reserve's meeting minutes for clues on U.S. interest rates and as China's COVID-19 restrictions weighed on sentiment. The Fed will release minutes of its November policy meeting on Wednesday, offering a glimpse of how officials view economic conditions. In China, authorities in Beijing shut parks and museums. In Shanghai rules were tightened for people entering the city as the country grapples with a spike in COVID cases, sparking worries about its impact on the economy. The MSCI All-World index of shares rose 1.18%, while European shares gained 0.73%. Benchmark 10-year Treasury yields were down to 3.7634% while the yield on the 30-year note fell to 3.8325%.
Eurozone consumer confidence rises by more than expected in Nov. Consumer sentiment in the Eurozone improved by more than expected in November, according to new data released on Tuesday. The EU Commission’s flash estimate of consumer confidence in the currency bloc rose to -23.9 during the month, rising from a reading of -27.5 in October. Economists had expected the figure to come in at -26.0. It is the highest mark since August, although the gauge remains at “very low” levels, the EU Commission said in a statement. In the European Union as a whole, consumer confidence increased by 2.8 points to -25.8.
RBNZ hikes rates by record 75 bps, warns of economic slowdown The Reserve Bank of New Zealand hiked interest rates by a record 75 basis points on Wednesday and warned of a potential economic downturn in the near-term as it continues to move against inflation. The central bank raised its benchmark rate by 75 bps to 4.25%- their highest since the 2008 financial crisis. The record-high hike was widely expected, given that the central bank will be unable to act for the next three months due to the Christmas and summer holidays. The New Zealand dollar surged 0.5% after the decision. The move comes as New Zealand faces its highest inflation rate in 32 years, despite the RBNZ being among the first major central banks to begin tightening policy after the COVID-19 pandemic. The bank has raised interest rates by a total of 400 basis points since August 2021.
Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty The 10-year government bond yield (interpolated) on the previous trading day was 2.78, -0.56 bps. The benchmark government bond yield (LB31DA) was 2.78, -10.0 bps. LB31DA could be between 2.65-3.00. Meantime, the latest closed US 10-year bond yields was 3.76, -7.0 bps. USDTHB on the previous trading day closed around 36.18 Moving in a range of 36.05-36.12 this morning. USDTHB could be closed between 35.80-36.20 today. Oil prices rose in early trade on Wednesday after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. Brent crude futures gained 25 cents, or 0.3%, to $88.61 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4%, to $81.30 a barrel. Both benchmark contracts rose about 1% in the previous session as the United Arab Emirates, Kuwait, Iraq and Algeria reinforced comments from Saudi Arabia's energy minister that the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, were not considering boosting oil output. OPEC+ next meets to review output on Dec. 4.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
