Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Macroeconomics

United states & Thailand / Macroeconomics

<ul><li>The market forecasts the US services PMI in February 2023 at 50.5, entering expansion territory for the first time in seven months.</li><li>This would reaffirm the strength of the labor market, thereby increasing concern that the Fed will hike the fed funds rate more aggressively.</li><li>In KTX's view, the US labor market may not be as strong as the market fears, based on the acceleration in the number of job cuts in January to a 28-month high.</li></ul>

The market forecasts the US services PMI in February 2023 at 50.5, entering expansion territory for the first time in seven months.This would reaffirm the strength of the labor market, thereby increasing concern that the Fed will hike the fed funds rate more aggressively.In KTX's view, the US labor market may not be as strong as the market fears, based on the acceleration in the number of job cuts in January to a 28-month high.

Stronger US Labor Market Would Increase Rate Worries