Thai Shares Expected To Bounce Higher Again On Thursday

RTTNews | 567 วันที่ผ่านมา
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
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | 1 ชม. 46 นาทีที่ผ่านมา
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

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

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 4 ชม. 33 นาทีที่ผ่านมา
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 4 ชม. 37 นาทีที่ผ่านมา
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 5 ชม. 20 นาทีที่ผ่านมา
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | 5 ชม. 46 นาทีที่ผ่านมา
U.S. Weekly Jobless Claims Unchanged At 248,000

U.S. Weekly Jobless Claims Unchanged At 248,000

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th.
RTTNews | 5 ชม. 52 นาทีที่ผ่านมา
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | 6 ชม. 5 นาทีที่ผ่านมา
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | 6 ชม. 16 นาทีที่ผ่านมา