Finansia Syrus Securities (FSS) expected Thailand’s SET Index to move in a sideways trend in the same direction as regional markets due to a lack of catalysts, while US bond yields rose above 4%, which pressured the investment in risk assets. The analyst also pointed out that investors are looking ahead to the U.S. inflation data scheduled to be released this Thursday
Hackers posted false news on the U.S. Securities and Exchange Commission’s official account on X on Tuesday, stating that the securities regulator had approved Bitcoin exchange-traded funds (ETFs), which led to the price of bitcoin to jump from around $46,500 on Tuesday to nearly $48,000.
SEC deleted the post 30 minutes after it was up and clarified that the ETFs have not been approved as of now.
The incident came following market’s expectations that the funds could be approved by this week.
The World Bank sees 2024 Global GDP growth at 2.4%, compared to 2.6% forecast last year. Meanwhile, the World Bank also lowered 2025 Global GDP growth estimated to 2.7% from 3% earlier.
Thailand GDP was revised down -0.4 percentage points and -0.3 percentage points for 2024 and 2025, respectively, to 3.2% and 3.1%.
