Finansia Syrus Securities (FSS) expected Thailand’s SET Index to extend gains to 1,410-1,420 range as the market continued to ease tension on retreating US bond yields to 4.66%. The market anticipated that the tightening cycle by the Fed has reached its peak and odds for another rate hike are around 20%, resulting in a short-term inflow into risk assets.
The share price of Apple Inc. dropped 3.3% in an after-hour trading on Thursday as investors were taking a cautious approach on the outlook despite a record iPhone quarter.
The company reported a revenue of $89.5 billion, which was in line with expectations for $89.31 billion. However, sales declined for a fourth straight quarter, marking the longest slowdown since 2001. This was due to an unexpectedly lower consumption in China.
Earnings per share in the quarter was $1.46 vs $1.39 expected, while iPhone revenue was $43.8 billion vs $43.73 billion expected.
In the guideline, the company expected a similar level of total revenue in this current quarter.
Swiss regulators and banks were discussing measures to prevent bank runs after Credit Suisse’s rescue earlier this year. Bank measures could include staggering withdrawals and imposing exit fees, according to the source reported by Reuters.
The discussing measures would target top banks such as UBS and other wealth clients.
