Post by account_disabled on Jan 2, 2024 5:40:58 GMT
Dow Jones Industrial Index The market closed on Monday, August 5, 2019 (time in the United States) and continued to decline before closing at 767.27 points, or a decrease of 2.90%, considered a decline for 5 consecutive business days. It also affects other stock market indices as well, as analysts point out. There is a factor from the trade war between the United States and China that has intensified. After China allowed the Yuan to depreciate significantly. In response to the United States imposing tariffs on imported rice from China. While Mr. Phakorn Peetathawatchai, director and manager of the Stock Exchange of Thailand (SET), said that the financial Yuan has weakened.
Affecting global trade As a C Level Executive List result, investors immediately adjust their investment policies. Ready to advise investors to follow news during this period in a comprehensive manner covering the entire world. Mr. Suphan Mongkolsuthi, Chairman of the Federation of Thai Industries (FTI), expressed his opinion that At the Monetary Policy Committee meeting (MPC) On August 7, the private sector also expects to see the MPC reduce the policy interest rate, which is currently at 1.75%, in order to take care of the overall economy and reduce pressure from the baht's devaluation. appreciation, which will aggravate the decline of Thailand's export capacity. In addition, the United States Federal Reserve (Fed) had previously cut interest rates, which caused the direction of world interest rates to go down.
I think the trade war will not end easily. Recently, China pushed the value of the yuan down to a new 10-year record of 7.084 yuan per US dollar. It is expected that the Chinese government may allow the Yuan to weaken in response to the United States government. After announcing a 10% tax increase on imported goods with a total value of more than 300 billion US dollars,” Mr. Suphan said. In this regard, the reduction of the policy interest rate is to slow down the inflow of foreign money that has caused the baht to strengthen. In the past, the problem of the baht strengthening higher than in other regions caused the Thai exports have been affected in two ways, both from the strengthening baht and from the trade war as well.
Affecting global trade As a C Level Executive List result, investors immediately adjust their investment policies. Ready to advise investors to follow news during this period in a comprehensive manner covering the entire world. Mr. Suphan Mongkolsuthi, Chairman of the Federation of Thai Industries (FTI), expressed his opinion that At the Monetary Policy Committee meeting (MPC) On August 7, the private sector also expects to see the MPC reduce the policy interest rate, which is currently at 1.75%, in order to take care of the overall economy and reduce pressure from the baht's devaluation. appreciation, which will aggravate the decline of Thailand's export capacity. In addition, the United States Federal Reserve (Fed) had previously cut interest rates, which caused the direction of world interest rates to go down.
I think the trade war will not end easily. Recently, China pushed the value of the yuan down to a new 10-year record of 7.084 yuan per US dollar. It is expected that the Chinese government may allow the Yuan to weaken in response to the United States government. After announcing a 10% tax increase on imported goods with a total value of more than 300 billion US dollars,” Mr. Suphan said. In this regard, the reduction of the policy interest rate is to slow down the inflow of foreign money that has caused the baht to strengthen. In the past, the problem of the baht strengthening higher than in other regions caused the Thai exports have been affected in two ways, both from the strengthening baht and from the trade war as well.