Additional Support Forecast For Thai Stock Market

RTTNews | Pred 1051 dňami
Additional Support Forecast For Thai Stock Market

(RTTNews) - The Thai stock market has finished higher in four straight sessions, collecting more than 25 points or 1.7 percent along the way. The Stock Exchange of Thailand now rests just above the 1,560-point plateau and it's tipped to open in the green again on Tuesday.

The global forecast for the Asian markets is mixed and flat, with support from the energy stocks likely offset by weakness from the technology companies. The European and U.S. markets were mixed to higher and the Asian bourses figure to follow that lead. The SET finished modestly higher on Monday following gains from the financial shares and a mixed picture from the energy producers.

For the day, the index picked up 7.58 points or 0.49 percent to finish at 1,560.31 after trading between 1,548.10 and 1,563.27. Volume was 18.210 billion shares worth 57.747 billion baht. There were 928 gainers and 732 decliners, with 512 stocks finishing unchanged. Among the actives, Advanced Info dropped 0.99 percent, while Thailand Airport sank 0.71 percent, Banpu advanced 0.76 percent, Bangkok Bank improved 0.76 percent, Bangkok Expressway tumbled 1.72 percent, B. Grimm rallied 2.00 percent, BTS Group shed 0.58 percent, CP All Public rose 0.41 percent, Energy Absolute added 0.63 percent, Gulf gained 0.53 percent, IRPC climbed 1.26 percent, Kasikornbank spiked 2.14 percent, Krung Thai Bank soared 2.58 percent, Krung Thai Card strengthened 1.34 percent, PTT Oil & Retail retreated 1.94 percent, PTT lost 0.72 percent, PTT Exploration and Production skidded 0.94 percent, PTT Global Chemical increased 0.56 percent, SCG Packaging was up 0.47 percent, Siam Commercial Bank skyrocketed 5.15 percent, Siam Concrete slid 0.54 percent, Thai Oil gathered 0.50 percent, True Corporation perked 0.88 percent, TTB Bank collected 2.56 percent and Asset World, Bangkok Dusit Medical and Charoen Pokphand Foods were unchanged.

The lead from Wall Street is cautiously optimistic as the major averages opened flat on Monday and then bounced up and down throughout the session before finishing mixed.

The Dow climbed 90.75 points or 0.28 percent to finish at 31,990.04, while the NASDAQ lost 51.45 points or 0.43 percent to close at 11,782.67 and the S&P 500 rose 5.14 points or 0.13 percent to end at 3,966.77.

Trading activity was somewhat subdued as traders look ahead to the Federal Reserve's monetary policy decision on Wednesday.

CME Group's FedWatch tool is currently indicating a 77.5 percent chance of a 75-basis point interest rate hike and a 22.5 percent chance of a 100-basis point rate hike.

Crude oil futures settled sharply higher on Monday as concerns about outlook for energy demand eased, while the dollar's weakness ahead of the upcoming Fed statement also supported crude oil prices. West Texas Intermediate Crude oil futures for September ended higher by $2.00 or 2.1 percent at $96.70 a barrel.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | Pred 17 minútami
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | Pred 1 h 5 min
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | Pred 2 h 14 min
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | Pred 3 h 20 min
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | Pred 3 h 29 min
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | Pred 3 h 31 min