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bahtbag.com missions are to provide readers with the latest and comprehensive financial investment news in Thailand, including Thai stocks, futures, crude oil, foreign exchange, cryptocurrency, and give unbiased & professional advice about the whole range of financial investment management methods.

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US bond yields hit a new high for more than three months, and gold prices were under slight pressure, waiting for non-agricultural data | Financial Investment Know-hows | Bahtbag

In the Asian session on Friday (October 8), spot gold remained stable around 1755. On Thursday (October 7), the gold price fell slightly, and the number of initial jobless claims fell more than expected last week, which boosted US bond yields and triggered bets that the Federal Reserve may soon begin to reduce economic support. At the same time, the rise of the stock market also hit the risk aversion, which is also bad for the gold price.

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Putin’s statement hit the price of natural gas! The United States is considering using oil reserves, and the oil price has been held down for the time being? | Futures | Bahtbag

On Wednesday (October 6), European natural gas prices plunged after soaring for two days, with an increase of 60% in the previous two days and a drop of more than 2% in oil prices. Russian President Vladimir Putin said that Russia will increase its natural gas supply to Europe and alleviate the impact of the global energy crunch on Europe. At the same time, the US government is considering using emergency oil reserves to alleviate the sharp rise in gasoline prices. It is also reported that Russia and the United States are discussing restarting the Iranian nuclear agreement.

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Bitcoin exceeded $50000, and Bank of America called cryptocurrency “too big to ignore” | Cryptocurrency | Bahtbag

Bitcoin rose above $50000. Before that, Bank of America strategists also supported the view that cryptocurrency is a new asset class. The price of bitcoin reached the highest level since El Salvador took bitcoin as legal tender in early September. In early trading in New York on Tuesday, bitcoin rose 2.8% to $50354.

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Asian stocks steady as calm returns but jitters keep dollar firm | Foreign Exchange | Bahtbag

HONG KONG : Asian shares found some calm on Thursday following this week’s heavy China-driven losses although the dollar sat at a more than one-year high against major peers, upheld by lingering safe-haven demand and expectations for tighter U.S. monetary policy.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.06per cent, while the Nikkei lost 0.36per cent a day after Japan’s ruling party chose softly spoken consensus-builder Fumio Kishida as its new leader and the country’s new prime minister.

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China’s SHFE to accelerate natural gas futures contract development | Financial Investment Know-hows | Bahtbag

Shanghai Futures Exchange will accelerate research and development of natural gas futures contract as an effort to meet China’s carbon neutrality targets, the exchange’s CEO Wang Fenghai said during an APPEC interview on Sept. 28.

“Natural gas is a key alternative product during energy transition process, with less carbon emission comparing with oil and coal,” Wang said adding that it will be the next energy contract to launch.

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European natural gas rose 12% in the day! Another record high! | Futures | Bahtbag

European natural gas prices (Netherlands TTF and UK NBP) rose another 12% today, reaching an all-time high. Although NYMEX natural gas futures fell 1.0%, the fresh day was as low as US $5.755/million BTU, leaving the daily high of US $6.3150/million BTU recorded before the US stock market. But the rising trend of natural gas is unstoppable.

Earlier, on Tuesday (September 28), ice UK natural gas futures closed up 2.62% to 195.38p/kcal, and US stocks rose to 213.09p, an all-time high.

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Tesla CEO musk: the U.S. government should avoid supervising cryptocurrency | Cryptocurrency | Bahtbag

On Tuesday local time, Tesla CEO musk talked about cryptocurrency in a meeting and an interview with reporters.

When asked whether the U.S. government should regulate cryptocurrency, musk replied, “I would say, do nothing.” he believes that it is impossible for the U.S. government to destroy cryptocurrency, but it is likely to slow down its development.

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Cryptocurrency concept stocks plunge after full-scale regulatory upgrade, with Firecoin Technology once falling more than 30% | Cryptocurrency | Bahtbag

Cryptocurrency concept stocks listed in Hong Kong plummeted after China fully upgraded its regulatory policy on virtual currencies.

On September 27, shares of Firecoin Technology Holdings Limited (Firecoin Technology, 01611.HK) once plunged to HK$6.7 per share, down more than 30%, hitting a new low since January 4. By the close of trading, FireCoin Technology was trading at HK$7.85 per share, down 21.5%.

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The euro is stable for the time being, waiting for the formation of a cabinet to become clear | Foreign Exchange | Bahtbag

The German Social Democratic Party led other political parties with 25.7% of the votes. The Coalition Party of Chancellor Angela Merkel suffered a big setback, the worst result in decades. However, the Social Democratic Party leads only by a narrow margin, and there may be weeks of difficult negotiations on the formation of a coalition government. Foreign media analysis said that the final decision to form a cabinet will largely be in the hands of two smaller political parties, the Green Party and the Liberal Democratic Party. They must determine whether to form a team with the alliance party or the Social Democratic Party.

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When will the Fed officially start the code reduction? The three organizations have their own views | Foreign Exchange | Bahtbag

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Inflation is approaching 20%, and the Turkish central bank also cut interest rates | Foreign Exchange | Bahtbag

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Institutional investors are selling bitcoin and turning to Ethereum! | Cryptocurrency | Bahtbag

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OPEC + decided to maintain an increase of 400000 barrels per day per month, and US oil remained above US $68

On Wednesday (September 1), US oil futures rose US $0.09 to settle at US $68.59/barrel; Cloth oil fell US $0.04 to close at US $71.59/barrel. Earlier in the session, the oil distribution was as low as $70.42/barrel, and the US oil was as low as $67.12/barrel. After a short video conference, OPEC + agreed to abide by the existing schedule of gradual monthly production increase, which is in sharp contrast to the difficult negotiations in July, which is a gratifying phenomenon for the market. Meanwhile, EIA data showed that as of the week of August 27, crude oil inventories had decreased significantly by 7.169 million barrels, much more than expected, providing a bullish signal for oil prices.

https://www.bahtbag.com/futures/opec-decided-to-maintain-an-increase-of-400000-barrels-per-day-per-month-and-us-oil-remained-above-us-68/

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Now is a good time to invest in Japanese stocks

As the Nikkei 225 Index stands at the 30,000-point mark, JPMorgan Chase said the recent political turmoil in Japan provides a good time for foreign investors to buy Japanese stocks without hedging the exchange rate.

On Wednesday, the Nikkei 225 continued to rise, closing up 0.9% at 30,181.21 points, up 8 days in a row and standing at the 30,000-point mark. Earlier, according to CNN, Japanese Prime Minister Kan Yoshihide held a press conference on the 3rd and announced that he would not run for the LDP presidential election. With Kan’s “sudden abstention”, the LDP is scheduled to formally announce the election of the president on the 17th of this month, and vote for a new president on the 29th.

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El Salvador has just bought the first 200 bitcoins, and El Salvador will become the first country to adopt bitcoin as its official currency

On Monday (September 6), President nayib bukele of El Salvador said on his social account that El Salvador had just purchased the first 200 bitcoins, and said that “as the deadline approaches, our brokers will buy more (bitcoins)”.

It is reported that from Tuesday local time, El Salvador will allow bitcoin to circulate on the market together with the US dollar as legal tender.

El Salvador will become the first country in the world to accept bitcoin as the official currency. As a result, the fees charged for the country’s large number of overseas transactions will not be so harsh, but there are growing concerns about rampant illegal activities.

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Moderna stock extends rally after price target gets a 77% boost at Morgan Stanley

Shares of Moderna Inc. rallied toward a fifth straight gain Tuesday, after Morgan Stanley analyst Matthew Harrison added nearly $150 to his price target on an increased outlook for the biotechnology company’s COVID-19 vaccine sales.

Meanwhile, he downgraded several other biopharma stocks, including those of COVID-19 vaccine producer Johnson & Johnson JNJ, -1.55%, citing valuation concerns, of Merck & Co. Inc. MRK, -1.66% given lack of potential upside catalysts and of Amgen Inc. AMGN, -2.22% on valuation. All three of those stocks are Dow Jones Industrial Average DJIA, -0.76% components.

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Semiconductor maker Axcelis beats revenue, estimates to 17-year high, global semiconductor sales up 29% in July

After a dull July, semiconductor stock Axcelis Technologies (NSDAQ: ACLS) regained investor attention in August, rising 28.9 percent in August, according to S&P Global Market Intelligence. The reason for the company’s share price rise was partly related to the global semiconductor chip shortage and partly from the company’s second-quarter financial data released in August.