Finansia Syrus Securities expects the SET to move within a range of 1,575-1,590 points today, after the US Federal Reserve Chairman signaled a hawkish stance at the Jackson Hole meeting, causing the market to increase the probability of a rate hike in September to 57% from the previous 35-40%. Meanwhile, the US 2-year Treasury yield rose to 4.34% and the dollar strengthened near 100 points, pressuring risk assets including gold prices. Brent oil prices edged up close to $90 per barrel after the US attacked Iranian rocket launchers. This week, attention is on US non-farm payrolls data, while Thai politics may add volatility. The recommended strategy is Selective Buy, focusing on stocks with strong second-half earnings.
Fed signals rate hike, pushing 2-year Treasury yield up to 4.34%
