Shares rise as US data points to more rate cuts

Quick Summary:

RECAP: Stocks in the region rose after slightly weaker US labour data reinforced the belief that the Federal Reserve will continue to cut interest rates in November.

STOCKS TO WATCH: Following major stimulus announcements from Beijing, Asia Plus Securities recommends stocks that should benefit from Chinese economic growth, including STA, TKN, COCOCO, PLUS, IVL and PTTGC.

Deputy Finance Minister Paopoom Rojanasakul again urged the BoT to start cutting interest rates when it meets next week, saying 25 basis points would be "a good start".

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Article Details

Category: EconomyBusiness

Markets: ThailandCambodiaChinaGermanyGreeceIndiaJapanSouth KoreaMalaysiaNew ZealandSaudi ArabiaVietnam

Topics: Inflation Interest Stocks Central Rate Expected Bank Points Rates Billion Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 04:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1228 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23002426

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 7 hours ago

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