2023-08-08 16:33:20
The reporter reported that today (August 8, 2023) at 11:12 p.m. Thai time, the Dow Jones Industrial Average was at 35,208.00 points, down 346.00 points or 0.97%.Moody’s Investors Service Announced to downgrade the credit rating of US banks.
As for banking stocks, trading pressure in the market today. After Moody’s downgraded the ratings of 10 US small and medium banks while reviewing the ratings of large banks, six of them were likely to be downgraded.
Moody’s warned that the US banking sector faces risks from higher funding costs. decrease in deposits and weak profit margins After the collapse of Silicon Valley Bank (SVB) and Signature Bank (SB)
Meanwhile, investors are keeping an eye on the earnings performance of listed companies, with FactSet showing that 80% of S&P 500 companies that have released second-quarter earnings beat expectations.
In addition, the market is keeping an eye on the US Consumer Price Index (CPI) this week. This will be a factor in the interest rate direction of the Federal Reserve (Fed).
The U.S. Department of Labor will also release the CPI, a measure of inflation driven by consumer spending. Month of July on Thursday 10 Aug.
Analysts surveyed expect the headline CPI, which includes food and energy, to rise 3.3 percent in July from 3.0 percent in June.
Month-on-month, the headline CPI is expected to rise 0.2% in July, unchanged from June.
As for the core CPI, which excludes the food and energy sectors. It is expected to rise 4.7% in July from 4.8% in June, and the core CPI is expected to rise 0.2% in July, unchanged. from june
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