- USDTHB: moving in the range 31.82 – 31.85 this morning, supportive level at 31.65 resistance level at 31.95
- SET Index: 1,346.2 (-0.02%), 5 Feb 2026
- S&P 500 Index: 6,798.4 (-1.23%), 5 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.880 (-5.74 bps), 5 Feb 2026
- US 10-year treasury yield: 4.21 (-8.0 bps), 5 Feb 2026
- US weekly jobless claims surge more than expected
- ECB kept rates unchanged at its first meeting of 2026
- Eurozone inflation rate falls to lowest in more than a year
- UK political jitters ripple across bond market and hit pound
- Thailand January’s inflation stays negative for 10th straight month
- Dollar firmed as investors shun risks ahead of central banks' decisions
US weekly jobless claims surge more than expected
The weekly Initial claims for state unemployment benefits jumped 22K, the largest increase since early December, to a seasonally adjusted 231K (versus 212K of market expectation) for the week ended January 31. The biggest rise in weekly jobless claims in nearly two months, as reflected distortions from snowstorms across much of the country as well as normalization after volatility linked to difficulties adjusting the data for seasonal fluctuations around the holiday season and at the turn of the year.
ECB kept rates unchanged at its first meeting of 2026
The European Central Bank (ECB) kept policy rates unchanged for the fifth consecutive meeting, with its key interest rate at 2%, in line with the bank’s target. The economy remains resilient in a challenging global environment. Low unemployment, solid private sector balance sheets, the gradual rollout of public spending on defense and infrastructure and the supportive effects of the past interest rate cuts are underpinning growth. At the same time, the outlook is still uncertain, owing particularly to ongoing global trade policy uncertainty and geopolitical tensions.
Eurozone inflation rate falls to lowest in more than a year
The Eurozone consumer prices rose 1.7%YoY in January, down from a revised 2% in December and in line with the median estimate in a Bloomberg survey. The reading is the weakest since Sep 2024. Core inflation unexpectedly eased to 2.2% reaching the lowest since October 2021. The closely watched services gauge slowed to 3.2%. Also, Euro-area inflation sank well below the European Central Bank’s 2% target as officials weigh their next steps on interest rates.
UK political jitters ripple across bond market and hit pound
A fresh round of political turbulence in the UK rippled across the country’s markets on Thursday, knocking the pound and longer-term bonds. The moves come as doubts build over Prime Minister Keir Starmer’s grasp on power, driving up the political risk premium demanded by investors. Starmer has come under growing pressure over his decision to appoint Peter Mandelson as US ambassador, despite knowing about his connection to disgraced financier Jeffrey Epstein. Consequently, that drove the gap between two-year and 10-year gilt yields to the widest since 2018, while sterling was the worst- performing currency among peers. The 30-year yield is at its highest level since November.
Thailand January’s inflation stays negative for 10th straight month
The headline inflation (CPI) fell 0.66%YoY and declined 0.28%MoM in January, below the expectation, and remained in the negative territory for a 10th straight month, extending the country’s longest stretch of falling prices since the pandemic. Core inflation rose 0.6%YoY, in line with forecasts. The officials pointed that consumer prices are expected to continue easing in the first quarter, weighed down by lower global oil prices and the government’s cost-of-living subsidies, before turning to marginally positive in the second quarter. Besides, the Commerce Ministry maintained its forecast for headline inflation to average between 0%-1% this year.
Dollar firmed as investors shun risks ahead of central banks' decisions
The 10-year government bond yield (interpolated) on the previous trading day was 1.880, -5.74 bps. The benchmark government bond yield (LB365A) was 1.875, -7.47 bps. Meantime, the latest closed US 10-year bond yields was 4.21, -8.00 bps. USDTHB on the previous trading day closed around 31.79 Moving in a range of 31.82-31.85 this morning. USDTHB could be closed between 31.65-31.95 today. The dollar index early firmed to trade little change on Thursday, as renewed concern over the health of US economy and the labor market after the release data of initial jobless claim surging more than the market expectation.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
