Recap: US stock index futures rose yesterday as European stocks and the dollar fell, after stronger signals regarding Federal Reserve policy tightening produced sharp declines in global stock markets earlier in the week, as investors waited for data on US employment gains.

The SET index has traded in a range of 1,650.53 and 1,677.95 points this week before closing yesterday at 1,657.62, unchanged from the previous week, with an average daily turnover of 97 , 18 billion baht for four days of operation.

Foreign investors were net buyers of 8.48 billion baht, and brokerage firms bought 2.16 billion baht. Retail investors bought 114.41 million baht and institutional investors were net sellers of 10.76 billion baht of shares.

Current actors: China Mobile shares climbed more than 9% on Wednesday when they debuted on the Shanghai Stock Exchange after the telecoms giant was delisted in New York amid tensions between Beijing and Washington.

  • US Federal Reserve policymakers believe higher inflation may justify interest rate hikes “sooner or at a faster rate” than expected, according to the minutes of their Dec. 14-15 meeting. Markets interpreted this to mean that the first move could come as early as March.
  • The Nikkei index in Tokyo fell 2.9%, the highest in six months, on Thursday as investors sold off expensive growth stocks after the hawkish report of the US Federal Reserve meeting sparked a massive sale on Wall Street.
  • Japanese automaker Toyota topped auto sales in the United States in 2021, figures released Tuesday, for the first time overtaking General Motors as a semiconductor shortage shakes the auto industry.
  • Electronics giant Sony has unveiled a new prototype of its Vision-S electric vehicle and has announced the creation of a company to explore the leap in the rapidly growing market.
  • Vietnamese automaker VinFast will stop making gasoline-powered cars by the end of this year – just two and a half years after its launch – as it increases global sales of electric SUVs with plans for factories in the United States. United States and Germany.
  • Foreigners were net buyers of Asian stocks in December, but inflows paled compared to the massive outflows seen throughout last year as regional stocks were hit by a strong dollar and the impact of restrictions. induced by Covid. Exits for the year totaled $ 35 billion, the highest since 2008, according to market data.
  • Bitcoin fell below $ 43,000 on Thursday, testing multi-month lows after Fed meeting minutes showed policymakers leaned for more aggressive policy action. The world’s largest cryptocurrency hit a record high of $ 69,000 just two months ago.
  • El Salvador’s government is preparing bills to provide investors with “legal certainty” as it prepares to offer the world’s first bitcoin bonds, Finance Minister Alejandro Zelaya said on Tuesday. The first of these issues, valued at $ 1 billion, would carry a coupon of 6.5%.
  • Uranium prices have jumped 8% this week as Kazakhstan, which produces 40% of the world’s supply, struggles to cope with the deadly protests that have posed the biggest challenge to the country’s leadership in decades .
  • The spread of the Omicron coronavirus variant in Thailand could have a bigger and longer-than-expected impact on an economic recovery, according to the minutes of the Bank of Thailand’s latest policy meeting.
  • The cabinet on Tuesday approved a 2023 fiscal budget worth 3,185 trillion baht, up 2.7 percent from the current fiscal year, with a deficit of 695 billion, down 0.7 %.
  • According to the Office of Industrial Economics, GDP growth in Thailand’s industrial sector is expected to be between 2.5% and 3.5% this year, compared to 3-4% last year. (GOOSE).
  • The baht fell the most since late November after the government raised the Covid-19 alert to the second highest level, further clouding the outlook for the tourism sector to recover.
  • Despite a sharp rise in the prices of fresh foods such as vegetables, pork, eggs, cooking oil, rice and curry, the Commerce Department is keeping its headline inflation forecast in a range of 0.7 % to 2.4% (average of 1.5%) this year. .
  • Trade Minister Jurin Laksanawisit ordered the temporary suspension of pork exports to combat soaring local pork prices. Thousands of small farmers have left the industry, citing high costs, leading to plummeting supplies of pigs.
  • The revenue department is in talks with digital asset exchanges to allow digital asset exchanges to collect 15% withholding taxes on cryptocurrency profits, department spokeswoman Sommai Siriudomset said.
  • The Securities and Exchange Commission is set to exercise oversight over trading in non-fungible tokens (NFTs), saying NFT market operators must apply for licenses. But analysts say tighter regulations will cause many market players to flee to foreign platforms.
  • Bitkub Online, the country’s leading digital asset exchange, aims to grow its customer base to 7 million and expand its services overseas this year, starting with Southeast Asia.
  • Popular tourist destinations face more cancellations as the suspension of the Test & Go entry program appears to prematurely end what was already a limited peak season. The industry faces losses of up to 7 billion baht in January and a blow to long-term confidence, according to the Tourism Council of Thailand (TCT).
  • Phuket will remain open to tourists through its Sandbox program despite a sharp rise in new Covid infections, its governor said, allaying fears of a possible lockdown of commercial operators.
  • While the Test & Go program has been suspended indefinitely, authorities yesterday offered a compromise by recommending additions to the Sandbox program: three islands in Surat Thani province – Koh Samui, Koh Tao and Koh Phangan – as well as Krabi and Phangnga provinces.
  • Phuket hoteliers are preparing to offer hotel isolation to asymptomatic guests to keep the reopening program alive as more guests refuse to pay for expensive hospital beds.
  • The Export-Import Bank (Exim) of Thailand has provided financial assistance to local airlines totaling more than 6.2 billion baht to increase their liquidity and restructure their debt, the president of the bank said. Rak Vorrakitpokatorn.
  • Siam Commercial Bank (SCB) has prepared long-term debt restructuring for customers to help them survive the protracted pandemic.
  • Advanced Info Service (AIS), the country’s largest mobile operator in terms of subscribers, aims to enter into two major partnership agreements this year to complement its existing digital service.
  • The largely state-owned Bangchak Corporation Plc (BCP) paid 1.6 billion baht for the right to transport its fuel through a pipeline network overseen by Fuel Pipeline Transportation Co (FPT) to reduce transportation costs and supporting a campaign against climate change.
  • Coming soon: The eurozone will release unemployment figures for November on Monday. Australia will release November retail sales on Tuesday and Britain will release November data on industrial production, manufacturing production and trade.
  • China will release consumer prices for December on Wednesday. The Eurozone will release November industrial production and the United States will release December consumer prices.
  • The United States will release an update to the December federal budget and producer prices on Thursday. China will release December trade figures on Friday and the United States will release December retail sales, the export and import price index and industrial production.

Actions to watch out for: Trinity Securities recommends two investment themes for January – companies focused on domestic consumption and stocks with high dividends – as further economic stimulus will support local consumption growth. Its choices are KBANK, BBL, BJC, CPALL, HMPRO, DOHOME, COM7, M, ORI, SPALI, SIRI, BEM, BTS, PLANB, MAJOR and VGI. For high dividend stocks, the brokerage recommends SCC, TISCO, AP, ADVANC, PTT, INTUCH, BBL, LH, GUNKUL, PTTEP, SIRI, SENA, SC, MAJOR, TOG and PSH.

  • Tisco Securities recommends investing in value stocks and high dividend stocks for the first half of the year. Its top picks are ADVANC, BDMS, DTAC, EGCO, KKP, SCB, SPALI, and WHA. For monthly picks, the brokerage recommends BEC, BJC, DCC, KKP, TPIPL, and TVO.

Technical view: DBS Vickers Securities sees support at 1640 and resistance at 1690. Tisco Securities sees support at 1650 and resistance at 1690.