HoonSmart.com>>The Federal Reserve (Fed) gives away Christmas gifts. Sending a signal to change the direction of interest rates that have been rising for many years. It’s time to reduce at least 3 times in 2024, more than the market expected to decrease only 2 times. In 2025, there is a chance to cut as many as 4 times after controlling inflation to the target. Supporting world stocks to soar Led by the Dow Jones, which rose more than 500 points, while Thai stocks jumped 1.54% as a result of foreign investors buying up large stocks to the tune of 3,480 million baht as a result of the weak dollar. The baht strengthened, closing at 35.02/04 baht. Bond yields decreased quickly. Purchasing power targets electrical, leasing, and electronic businesses. Real estate that has carried high financial costs for a long time
On December 14, 2023, the Thai stock market opened, jumping in line with foreign markets. There is continuous purchasing power. Push the index to close at 1,378.94 points, an increase of 20.97 points or 1.54%. Trading value was 40,897.67 million baht, with strong buying from foreign investors as much as 3,480.27 million baht, while Thai investors sold for a profit of 2,945.18 million baht. As for the bond market, Foreign investors sell Thai debt instruments amounting to 1,008 million baht.
Good news for the stock market comes from the US Federal Reserve unanimously deciding to maintain short-term interest rates at 5.25-5.50%, as expected by the market. But the important thing is In the policy interest rate forecast (Dot Plot), it signaled 3 interest rate cuts in 2024, more than previously indicated, only 2 times in the second half of the year. In 2024, there is a chance of 4 cuts. causing money to flow into investing in the stock market Risk assets The US 10-year US bond yield (Bond Yield) dropped below 4% and the US dollar weakened. This causes regional currencies to strengthen, including the baht. Induce money to flow into investment
In addition, the Thai stock market has been in decline for a long time. This is because foreign investors flock to sell stocks worth nearly 200 billion baht when good news comes in. Therefore, there is strength to buy back large shares. The group that stands out apart from profit growth. There is also the issue of interest costs that will decrease according to the world market. It has a positive effect on businesses with high debt, such as electricity, leasing, and real estate that have borrowed money to invest. Including electronic stocks whose prices have increased according to foreign markets.
However, the Thai stock market is still not interesting. Both economic growth is low. Affecting the profits of listed companies It is expected that it will not push the Thai stock market up much further. Unless there are new positive factors. come in and stimulate investment
For trading with the trading program, there was a net purchase of 1,737.77 million baht, with 410 million baht of TIDLOR shares traded, a proportion of up to 47.56% compared to normal trading, followed by HANA worth 567 million baht, a proportion of 43.83%, and DELTA worth 724 million baht, a proportion of 41.19%.
2023-12-14 13:24:51
#World #stocks #rise #sharply #Fed #sends #big #interest #rate #cuts #Supporting #hire #purchase #electricity #electronics #real #estate #Hoonsmart
.jpg "Israeli Army Vows Disciplinary Measures Against Soldiers in Jenin Mosque Video")