Recap: Global stocks regained some ground on Friday after a turbulent week triggered by concerns over surging inflation, aggressive rate hikes and slowing economies. The SET index moved in a range of 1,578.11 and 1,624.26 points this week before closing yesterday at 1,584.38, down 2.77% from the previous week, in daily turnover averaging 80.93 billion baht. Institutional investors were net buyers of 4.49 billion baht and brokerage firms bought 4.11 billion baht. Retail investors were net sellers of 5.72 billion baht and foreign investors offloaded 2.89 billion baht worth of shares. Newsmakers: More than $300 billion has been wiped out by a crash in cryptocurrency prices since Monday, with Bitcoin falling to a 16-month low near $25,000 amid a stampede out of so-called stablecoins. Investors grew alarmed after TerraUSD came unmoored from its dollar peg and lost some 80%. Saudi Aramco on Wednesday dethroned Apple as the world’s most valuable company as surging oil prices drove up shares and tech stocks slumped. Oil prices advanced after a tumultuous week of trading as investors weigh the prospect of a European Union ban on Russian crude imports and uncertainty over China’s continuing Covid struggles. Average gasoline prices in the US hit an… Read full this story
- U.S. Stocks Steady Ahead of Fed Minutes
- The slow but steady return of inflation and how to profit from it
- What Could Go Wrong With the Fed on Hold
- Watch out for Asian inflation
- Gold steady as dollar claws back some losses
- S&P dips ahead of Fed decision; Apple keeps Nasdaq higher
- DealBook Briefing: Why Elon Musk Shouldn’t Blow Off Wall Street
- Paul Hodges: UK house prices could fall 50% in global ‘Great Unwinding’
- Waiting for a nod and a wink from Yellen
- Is the bond market the next bubble to burst?
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