Kaohoon Morning Brief – 28 September 2021
Morning brief of major stories since the closing of Thai stock market on 28 September 2021.
Morning brief of major stories since the closing of Thai stock market on 28 September 2021.
28 ก.ย. 2564

1) Republicans block debt-ceiling raise bill
The U.S. Senates blocked a House-passed bill that would fund the government as well as raising the debt ceiling to prevent a government shutdown from a potential default on U.S. debt. The world’s largest economy is at risk for a default by October if Congress fails to raise the debt ceiling.
 
2) A gridlock in German election
Preliminary results of the German election on Monday morning showed the Social Democratic Party gaining a slight edge of the vote with 25.7%. Meanwhile, Angela Merkel’s Christian Democratic Union and Christian Social Union has 24.1% of the vote. It will become a gridlock for the German political parties that would end up in coalition talks.
 
3) U.S. 10-year Treasury crossed 1.5% to 3-month high
The U.S. 10-year Treasury yield briefly surpassed 1.5% on Monday, setting the highest level since June amid economic optimism and inflation fears. However, the treasury yield later retreated from three month-high to 1.4802%.
 
4) Oil prices sets to reach $80
Oil prices closed higher on Monday for its fifth consecutive day, heading to the $80 mark. The international benchmark Brent crude rose 1.84% to settle at $79.53 per barrel, while West Texas Intermediate (WTI) closed 2% higher at $75.45 per barrel.
 