Fear shook the New York Stock Exchange and stock prices tumbled on concerns about what would be next to go bankrupt under the weight of rising interest rates after the biggest US bank failure in nearly 15 years. The index Standard & Poor’s 500 fell 1.4 percent, capping its worst week since September. All this … Read more
Mr. Watan Jitsomnuek, Director of Strategic Analysis Department, Pie Securities (PI), told Nation Online that last Friday, the National Economic and Social Development Council or NESDB report GDP 4Q22 It grew only 1.4%YoY, lower than the Bloomberg Consensus expectation of 3.6%YoY, with private consumption still expanding at 5.7%YoY, mainly due to continued growth in spending … Read more
A Bank of Ayudhya money manager revealed that the baht opened this morning’s market at 33.64 baht/dollar, appreciating from Friday night’s close at 34.04 baht/dollar. The baht strengthened this morning as did regional currencies Why US economic data, including jobs numbers and the ISM services sector index, came in lower than expected last Friday evening. … Read more
Washington (Reuters) The US economy maintained a strong pace of job growth in December, with the unemployment rate falling to 3.5%, but rising borrowing costs in light of the central bank’s fight against inflation could lead to a significant erosion of momentum in the labor market by mid-year.And the US Department of Labor said in … Read more
Wall Street’s major indexes closed sharply lower as investors feared the data could prompt interest rate hikes for longer than feared. Wall Street closed sharply lower on fears of a recession Major Wall Street indexes closed sharply lower Thursday, with the tech-heavy Nasdaq tumbling as investors feared the data could prompt interest rate hikes for … Read more
The Dow Jones continues to fall. It recently tumbled more than 700 points after revealing that retail sales numbers plummeted more than expected. As a result, investors fear that the US Federal Reserve (Fed) move to raise interest rates will drag the US economy into a recession. As of 22:05 Thai time, the Dow Jones … Read more