SET50 Futures Rebound After US Inflation Data Sparks Fed Rate Hike Concerns

Key summary

Thai market analyst Jaronwet Sakde said SET50 Index Futures initially fell globally following higher-than-expected US September inflation data, raising fears of further Federal Reserve rate hikes. However, the index rebounded as large-cap value stocks attracted buying interest after absorbing the news. For next week, a sideways trend is expected while US September PPI figures are monitored tonight. Gold prices also recovered briefly but face pressure from Middle East tensions and high US bond yields.