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Stock Swings Expected as Innovest X Securities Worries about High Fed Interest Rates for a Long Time

HoonSmart.com>>Innovest X Securities expects today’s stock to swing within a frame of 1,540-1,555 points, worried about Fed interest rates standing high for a long time – waiting for the government’s policy statement next week.

Innovative X securities company said external factors have negative sentiment, returning to worry the Fed will hold interest rates higher for longer. internal factors Wait for the government policy announcement next week on September 11-12, causing the SET to swing within a range of 1,540-1,555 points. However, the overall downside is expected to be limited to 1,540-1,545 points and recovering. If it goes up through 1,555 points, it will be a good signal.

Key points: The number of first-time applications for unemployment benefits in the US fell to a 7-month low last week, fueling fears that the Fed will hold interest rates longer than expected.

China’s August exports fell 8.8 percent, the fourth straight monthly decline, as demand for Chinese goods overseas slowed. Imports fell 7.3%.

Japan reported 4.8% 2Q23 GDP growth, down from the initial forecast of 6.0% growth due to weak domestic demand and investment.

The Kor. Stated that the Thai GDP in the 2nd quarter of 2023 was noticeably weaker, growing only 1.8%, lower than expected at 3.1%, making this year’s GDP forecast down to 2.5-3.0% growth from the previous 3.0-3.5% by reducing exports. exit -2% to -0.5% from -2 to 0%

The Minister of Industry states that it is moving forward with the EV 3.5 package, attracting Tesla to invest in Thailand. Promote economic corridors in 4 regions, unlock barriers to export halal food, do it immediately within 3 months.

South Korea’s Gia Corp. plans to build an electric vehicle plant in Thailand with an annual capacity of 250,000 vehicles, while Sri Lanka lifts a ban on imports of heavy trucks and vehicles. after the economy became more stable

2023-09-08 01:50:10
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