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Byline: Nikhil B. Srinivasan
Jul. 1--POSITIVE SIGNALS FOR SET: As I write this column, the SET is hovering around the 650 mark. Having moved 6 percent from the middle of the month as an aggregate, several sectors, notably banks, have performed well. Clearly, the S&P upgrade helped as well as continued decent loan growth numbers.
With a weaker bond market, it is critical that banks show improved operating profitability and several are likely to do so in the second quarter.
So what now? All eyes are on the Fed tonight. The highest probability is for a 25bps increase in the Federal Funds rate with a lower probability given to a 50bps increase.
...Source: HighBeam Research, Bangkok Post, Thailand, Nikhil B. Srinivasan column.