Ms. Wilasinee Boonmasungsong, Director of Research Globlex Securities (GBS) estimates that the SET stock market this week is still sideways volatile, with pressure from Goldman Sachs to reduce its US GDP growth forecast in the week. 2023 to 1.1. In addition, investors followed the Federal Reserve (Fed) monetary policy meeting on September 20 and 21. Markets weighted the Fed interest rate hike next week to 0.75-1.00% versus before. The face is weighted at a level of 0.50-0.75%, so the index is expected to move in the range 1600 -1,650 points.
Geopolitical risks still exist in many countries. After the US announced sanctions against Russia on Russia’s defense industry and military intelligence. including those accused of stealing crops from Ukraine. The Russian-Ukrainian couple Russian President Vladimir Putin signed a decree to increase the size of the Russian armed forces from 1.9 million to 2.04 million after the seventh month of the Ukrainian war.
The negative factors depressing the market are the global economic slowdown: for example, Chinese new home prices in August fell at the fastest rate since November 2021, as the Chinese real estate market continues to suffer from the economic downturn. In Thailand, tourism revenue in 2022 is only 1.08 trillion baht, below the 1.5 trillion baht target.
Still need to keep an eye on factors such as the 4th week, the Federation of Thai Industries (FTI) has announced the production and export of automobiles. Motorcycle and Automotive Parts Minister of Commerce Announcement of export-import figures Week 5 Economic report of the Fiscal Policy Office (FPO). The Office of Industrial Economics (OIE) Announces Industrial Indices, September 28, Meeting of the Monetary Policy Committee (MPC) No. 5/22, September 30 Bank of Thailand (BOT) Economic Report. Most of the listed companies (Co., Ltd.) closed their third quarter financial statements.
Interesting foreign factors such as September 20-21, the FED meeting of September 21, the US August second-hand home sales report. Weekly Oil Shares From EIA (Sep 22) Federal Reserve (Fed) Announces Interest Rate Resolution 22 September Bank of England (BoE) announces interest rate resolution.
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Source: Globlex Securities
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