The Thai stock market this morning opened up 1.47 points due to the slowing inflation trend, expecting the Fed to slow down interest rates. Economy and tourism support
The atmosphere of investing in the Thai stock market this morning (11 Jan) opened at 10:00 a.m. The index rose 1.47 points, touching 1,692.88 points, with a trading value of 3,844.34 million baht.
Analysts at Finansia Syrus Securities expect the SET Index to swing sideways to sideways up, still supported by positive sentiment from the US stock market that continues to rise. Positive expectations remained on slowing inflation and expected the Fed to slow down the rate hike.
However, the index still has an important psychological resistance of 1700 points and there are important economic numbers to keep an eye on: US inflation in December to be announced on Thursday night. If it comes down as expected or lower than expected, which will help support risky assets to continue to rise. In particular, growth and tech groups increase the likelihood that the FED will slow down the interest rate hike to only 0.25% at the beginning of February and bond yields are expected to continue to decline.
The index has risen rapidly over the past 2 weeks by nearly 100 points, making short-term upside more limited. Reflected through the Sector Rotation towards the group that underperformed in the previous period.
However, the medium-long term still likes the group. Domestic/Reopening Play benefiting from the recovering economy and tourism
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