Sawasdee – August 29, 2022
The Fed signals continued rate hikes, pressuring markets |
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Market today | ||||
The SET is expected to be pressured down after the Fed chairman's speech that said he felt it was necessary to keep raising rates to tame inflation, causing to worries over the economy. Next supports are at 1,628 and 1,610 and the upper bound is limited at 1,650. | ||||
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Company analysis | ||||
CBG - Expecting recovery in 4Q22 - Neutral | ||||
TLI - Healthier and wealthier ahead – Outperform |
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