Thai Shares Expected To Bounce Higher Again On Thursday

RTTNews | Pred 566 dňami
Thai Shares Expected To Bounce Higher Again On Thursday

(RTTNews) - The Thai stock market on Wednesday ended the five-day winning streak in which it had advanced more than 35 points or 2.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,415-point plateau although it's likely to see renewed support on Thursday.

The global forecast for the Asian markets is upbeat on continued optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The SET finished modestly lower on Wednesday following losses from the food, finance, industrial, resource, service and technology sectors.

For the day, the index shed 9.46 points or 0.66 percent to finish at 1,414.15 after trading between 1,407.37 and 1,422.02. There were 258 decliners and 219 gainers, with 161 stocks finishing unchanged.

Among the actives, Advanced Info climbed 0.93 percent, while Thailand Airport stumbled 1.86 percent, Banpu tumbled 1.88 percent, Bangkok Bank fell 0.33 percent, Bangkok Dusit Medical dropped 0.93 percent, Bangkok Expressway was down 0.62 percent, B. Grimm plummeted 3.70 percent, BTS Group improved 0.70 percent, CP All Public slumped 0.44 percent, Energy Absolute surrendered 1.58 percent, Gulf tanked 2.14 percent, Kasikornbank collected 0.38 percent, Krung Thai Card lost 0.53 percent, PTT Oil & Retail added 0.50 percent, PTT Exploration and Production slid 0.31 percent, PTT Global Chemical sank 0.65 percent, Siam Concrete rose 0.34 percent, Thai Oil advanced 0.97 percent, TTB Bank shed 0.64 percent and Charoen Pokphand Foods, Krung Thai Bank, Siam Commercial Bank, SCG Packaging, Asset World, True Corporation and PTT were unchanged.

The lead from Wall Street is positive as the major averages opened higher on Wednesday and remained in the green throughout the session.

The Dow jumped 184.74 points or 0.53 percent to finish at 35,273.03, while the NASDAQ gained 65.88 points or 0.46 percent to end at 14,265.86 and the S&P 500 rose 18.43 points or 0.41 percent to close at 4,556.62.

The strength on Wall Street came as continued optimism about the outlook for interest rates contributed to renewed buying interest following the previous day's pullback.

While the minutes of the latest Federal Reserve meeting failed to provide any indications the central bank plans to cut interest rates in the near future, CME Group's FedWatch Tool suggests the next move will be a rate cut in mid-2024.

In economic news, the Labor Department said first-time claims for unemployment benefits fell more than expected last week. Also, the Commerce Department said new orders for U.S. manufactured durable goods pulled back by much more than expected in October.

Crude oil futures settled lower Wednesday after data showed a notable increase in crude inventory in the U.S., and after OPEC postponed a key meeting by four days. West Texas Intermediate Crude oil futures for January ended down $0.67 or 0.86 percent at $77.10 a barrel.

read more
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | Pred 47 minútami
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | Pred 1 h 14 min
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | Pred 4 h 56 min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | Pred 5 h 57 min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | Pred 6 h 21 min
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | Pred 6 h 50 min