Business World Column – ‘Keep an eye on the Fed to increase interest rates by 0.75-1.00%’

Ms. Wilasinee Boonmasungsong, Director of Research Globlex Securities (GBS) estimates that the SET stock market this week is still volatile in a sideways fashion, with pressure from Goldman Sachs to reduce its forecast for US GDP growth in 2023 to 1.1. In addition, investors followed the Federal Reserve’s (Fed) monetary policy meeting on September 20-21. Markets were weighting the Fed interest rate hike next week to 0.75-1.00% before The face is weighted at the 0.50-0.75% level, so the index is expected to move in the range of 1600 – 1,650 points.

Geopolitical risks still exist in many countries. After the United States announced sanctions against Russia on the defense industry and Russian 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 Russia’s armed forces from 1.9 million to 2.04 million after the seventh month of the war in Ukraine.

The negative factors depressing the market are the global economic slowdown. For example, China’s new house prices fell in August at the fastest rate since November 2021 as China’s real estate market continues to be affected by the economic downturn and slowing demand In Thailand, tourism revenue is only 1.08 trillion baht in 2022, below the target of 1.5 trillion baht.

Still need to keep an eye on factors such as the 4th week, the Federation of Thai Industries (FTI) announced the production and export of automobiles. motorcycle and automotive parts Ministry of Commerce Publication of export-import figures Week 5 Economic report of the Fiscal Policy Office (FPO). The Office of Industrial Economics (OIE) publishes 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 the 3rd quarter financial statements.

Interesting foreign factors such as September 20-21, the FED meeting on September 21, the US August used home sales report. Weekly oil stocks from EIA (September 22) Federal Reserve (Fed) announces interest rate decision September 22 Bank of England (BoE) announces interest rate decision.

Introducing investment strategies that benefited from the iPhone 14 launch due to the recent launch of the iPhone 14.
good response Stocks expected to benefit from such factors include COM7, SPVI, CPW and JMART.

Source: Globlex Securities

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