สรุปข่าวเศรษฐกิจ (ภาคค่ำ) ประจำวันที่ 6 กรกฎาคม 2561

MTS Economic News_20180706

6 Jul 2018 | Economic News
View 1128

· The dollar stood little changed against its peers on Friday and investor caution prevailed with U.S. tariffs on Chinese goods taking effect and market participants turning their attention to the closely-watched U.S. jobs report due later in the day.

The dollar index against at basket of six major currencies was mostly steady at 94.388 after slipping to 94.177, its lowest since June 26, the previous day.

The euro was steady at $1.1694 after rising 0.3 percent overnight, when it touched $1.1721, its strongest since June 26. It was on track to end the week little changed.

China’s yuan was 0.2 percent weaker at 6.6506 per dollar but still some distance from an 11-month low of 6.7204 set on Tuesday.

· Japan's Finance Minister Taro Aso: US-China trade friction will have various effects, US and China need to talk to avoid escalation. Japan watching moves in US-China trade closely

· China implemented retaliatory tariffs on some imports from the U.S. Friday, state media reported, immediately after new U.S. duties had taken effect.

At midnight Washington time, the U.S. imposed new tariffs on $34 billion of annual imports from China. This prompted Beijing to respond in kind with levy tariffs on545 items of U.S. imports — also worth $34 billion, state-run newspaper The China Daily reported Friday.

· U.S. Secretary of State Mike Pompeo arrived in North Korea on Friday, hoping to “fill in” details on the North’s plans to dismantle its nuclear programme and also to secure the remains of U.S. troops missing from the Korean War.

· Japan will appoint career bureaucrat Toshihide Endo as its top financial regulator within the month, a person briefed on the matter told Reuters on Friday, in a move widely expected to see the continuation of reforms to the country's financial sector.

Endo, 59, currently director-general of the watchdog's supervisory bureau, will succeed Financial Services Agency (FSA) Commissioner Nobuchika Mori, who in his three-year stint has pushed through reforms designed to boost investor faith in Japan's stock market and stimulate the flow of funds through its economy.

· German industrial output bounced back in May, data showed on Friday, suggesting that factories in Europe’s largest economy are gathering steam again after a weak start of the year.

Data from the Statistics Office showed output increased by 2.6 percent, the highest rise since November. The reading beat a Reuters forecast for a rise of 0.3 percent and was only the second rise so far this year.

· U.S. employers likely maintained a brisk pace of hiring in June while increasing wages for workers, which would reinforce expectations of robust economic growth in the second quarter and allow the Federal Reserve to continue raising interest rates.

Nonfarm payrolls probably increased by 195,000 jobs last month, adding to the 223,000 positions generated in May, according to a Reuters survey of economists. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population.

The unemployment rate is forecast holding at an 18-year low of 3.8 percent in June. It has declined three-tenths of a percentage point this year and is near the Fed’s estimate of 3.6 percent by the end of this year.

Job gains in June could, however, come below expectations amid growing anecdotal evidence of worker shortages across all sectors of the economy. From manufacturing to services industries, companies are reporting difficulties finding skilled workers such as truck drivers, carpenters and electricians.

· Some major Chinese ports delayed clearing goods from the United States on Friday, four sources said, potentially disrupting imports worth billions of dollars as the world’s top two economies head towards an outright trade war.

The port of Shanghai had put on hold clearing some U.S. imports through customs, said an official at a company in the coastal city, which handles customs clearance for importers. He had spoken to customs officials.

· Oil prices seesawed in nervous trading on Friday as the United States slapped a raft of tariffs on Chinese goods in an escalating trade war between the world’s two biggest economies.

Oil prices initially fell on Friday, along with Asian stock markets.

Yet by 0649 GMT, U.S. West Texas Intermediate (WTI) crude futures were up 16 cents, or 0.2 percent, from their last settlement at $73.10 per barrel.

Brent crude futures LCOc1 were down 7 cents, or 0.1 percent, at $77.32.

Reference: Reuters, CNBC

MTS Help Center

MTS Economic News_20180706