Kaohoon Morning Brief – 28 March 2024

Krungsri Securities (KSS) expected Thailand’s SET Index to move within the range of 1,370-,1390 points. The analyst stated that even with the Thai stock market receiving a positive sentiment from lower bond yield, rising number of foreign arrivals, the fluctuation in series switching of TFEX today and a slowdown for wait and see US PCE data could pressure the Thai stock market.


BlackRock CEO Larry Fink warned that US debt has reached very dangerous levels, saying that the situation is more urgent than he can ever remember.

The CEO cautiously warned that there is no guarantee that investors will continue to buy U.S. Treasuries.


US Fed Governor Christopher Waller shared his view that there is no need to rush for rate cut as recent inflation data that showed some persistence affirms the case for the U.S. Fed to hold off on cutting its short-term interest rate target.

He added that recent data showed  that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%. Still, he did not rule out a possibility for rate cuts later in the year.