2024-04-03 01:58:55
HoonSmart.com>> Finansia Syrus Securities expects the stock market today to swing sideways down in the range of 1,370-1,384 points. Pressure on the US economic numbers, both Job Openings and Factory Orders, are better than expected. Fears that the Fed will delay cutting interest rates for half the year. behind Instead of June In addition, the price of oil continues to increase. Send US bond yields and Dollar Index stable at high levels
Finansia Syrus Securities expects the SET Index to swing sideways down in the range of 1,370-1,384 points, pressured by the negative investment atmosphere from abroad. After better-than-expected numbers on the US economy, both Job Openings and Factory Orders, caused the market to return to concerns that the Federal Reserve’s (Fed) interest rate cut may be postponed to the second half of 2024, instead of June. Even though the number of times may be less than previously estimated. In addition, the price of crude oil continued to increase due to the war situation in the Middle East. Including the increasingly tense Russia-Ukraine is another factor that will put pressure on inflation in the next period. As a result, US Bond Yield and Dollar Index will remain stable following rising in the previous period, limiting the upside of risky assets in the short term. Other important economic figures this week include ISM, service sector and non-agricultural employment.
Domestic factors follow Friday’s inflation numbers. We maintain a positive view in the medium-long term from accelerating disbursement of the fiscal year 2024 budget that will begin in the 2nd quarter of 2024, including the digital money policy that will be clear on April 10, while the budget meeting Next week, we think the interest rate will remain at 2.5%, but if we reduce interest rates, it will surprise the market and be another support. The overall picture also gives weight that the index is likely to have passed its lowest point following the economy and listed company profits. and is likely to gradually accelerate this year.
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