Market Update by SCBFM: 19 February 2024
- Financial market group Siam Commercial Bank estimates the baht's value today to move in a range of 35.85-36.05 baht/dollar.
- The baht strengthened slightly following the strengthening of the yuan and yen this morning. The yuan strengthened after the Chinese stock market opened the day with good data on tourism and holiday spending.
- The United States' producer price index (PPI) for January was at 0.3% MOM, 0.1% higher than the market had expected. Core PPI stood at 0.5% MOM, higher than market expectations.
- The People's Bank of China has maintained short-term loan interest rates (1-year MLF) at 2.5%, despite market concerns that the economy will continue to deteriorate.
Follow Stock Dimension channel for capital market news on below link.
Web: https://www.mitihoon.com/
Facebook: https://www.facebook.com/mitihoon
Web Light: https://www.youtube.com/@mitihoonofficial7770
Tik Tok: www.tiktok.com/@mitihoon
“Avid gamer. Social media geek. Proud troublemaker. Thinker. Travel fan. Problem solver.”