# Market Roundup 13 September 2024: Thailand’s SET at 1,424.39 up 0.20%, waiting for FED rate cut

- Link: https://www.thailand-business-news.com/markets/162451-market-roundup-13-september-2024-thailands-set-at-1424-39-up-0-20-waiting-for-fed-rate-cut
- Published: 2024-09-14T12:11:29+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index rose 0.20%. Analysts await Fed’s rate cut decision. China
plans mortgage rate cuts to boost the economy. SpaceX completed the world’s first
private spacewalk. BTS expects THB 14 billion payment.**

## Thailand’s Stock Market and Economic Outlook

Thailand’s SET Index closed slightly higher at 1,424.39 points, up 0.20% with a 
trading value of 53.8 billion baht. An analyst reported that the market moved narrowly
following recent positive trends and is now awaiting the Fed’s upcoming meeting,
speculated to cut rates by 25 basis points.

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Investors should keep an eye out for new stimulus packages to be discussed at the
upcoming Thai cabinet meeting next week.

## Global Economic Developments and Space Milestones

China plans to reduce interest rates on over $5 trillion of mortgages to stimulate
its economy. Banks are preparing for rate cuts, potentially up to 50 basis points,
benefiting homeowners.

Meanwhile, SpaceX completed the first private spacewalk, with astronauts testing
new spacesuits and Crew Dragon capsule capabilities, aiming for future Mars missions.
Additionally, BTS expects a prompt resolution of the THB 14 billion outstanding 
fee from its Green Line train operations.

### Global Market Roundup: 13 September 2024

**Global markets experienced a mixed session on Wednesday, September 13th, 2024,
with investors weighing economic data and ongoing geopolitical concerns.**

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**US stocks closed mixed, with the Dow Jones Industrial Average rising slightly 
while the S&P 500 and NASDAQ Composite dipped.** The gains in the Dow were attributed
to a strong performance in the energy sector, driven by rising oil prices. However,
tech stocks struggled as investors awaited key inflation data due out later this
week.

**European markets ended the day lower, with the pan-European STOXX 600 index falling
by 0.5%.** The decline was attributed to concerns about the economic outlook in 
the eurozone, particularly after Germany’s disappointing manufacturing data released
earlier this week.

**Asian markets were generally positive, with Japan’s Nikkei 225 index closing up
by 0.8%.** The gains were fueled by a weaker yen, which boosted exporters, and optimistic
economic data released in Japan.

**In the commodity markets, oil prices climbed on a combination of supply concerns
and expectations for continued strong demand.** Gold prices rose, driven by safe-
haven demand as investors sought refuge in the precious metal amidst economic uncertainty.

**Looking ahead, investors will be watching for key economic data releases this 
week, including US inflation figures and the minutes of the latest Federal Reserve
meeting.** The data will give insights into the health of the US economy. It will
also provide information on the Fed’s future policy course. These insights could
impact market sentiment.