Krungsri Securities (KSS) expected Thailand’s SET Index to move within the range of 1,420-1,445 points. Despite hopes for the US Federal Reserve and ECB gradual rate cuts this year and also buying pressure on stocks with specific catalysts, the decline in crude oil price and the strengthening US dollar and bond yields to 3.96% would put pressure on the investment.
Total debt in the United States of America hit $34 trillion for the first time in history, putting US debt up 100% since 2014.
Since the prolonged debt ceiling crisis ended in June last year, total debt in the U.S. was up nearly $3 trillion.
To put in more perspective, the current debt balance of the U.S. is more than the value of the economies of China, Germany, Japan, India and the UK combined. The world’s largest economy is now spending $2 billion per day on interest expenses alone. Meanwhile, debt per capita is at a record high of $101,000.
The share price of Apple Inc fell 4% on Tuesday after Barclays downgraded it to underweight and slightly trimmed its price target from $161 to $160, citing lackluster sales of iPhone 15, specifically in China, and could be a warning to slow sales of iPhone 16.
