Krungthai CIO says global stocks are consolidating, recommends staying invested and accumulating tech stocks and gold

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โดย InfoQuest·US·Read original
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Krungthai CIO views global equity markets as being in a consolidation phase due to rising bond yields and oil prices, while listed company earnings remain strong. The S&P 500 fell 1.4% and the Nasdaq fell 2.1% last week. The US 10-year bond yield rose 4.2 basis points to 4.73%, and Brent crude oil prices increased 6.6% to 94.4 dollars per barrel. Krungthai CIO recommends a stay invested strategy, gradually accumulating technology and semiconductor stocks during price declines, while maintaining 6 to 12 month gold price targets of 4,915 and 5,315 dollars per ounce.

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