Market Roundup 23 December 2024

Thailand’s SET Index closed at 1,386.91 points, increased 21.84 points or 1.60% with a trading value of 43.62 billion baht. The analyst stated that the Thai stock market surged in tandem with the Asia markets, attributed to various government economic stimuli in 2025, particularly the Easy E-Receipt initiative and tax-related benefits.

The analyst anticipated that the Thai market would sustain its upward trajectory towards Wednesday, having presumably surpassed its lowest point.

 

The Office for National Statistics reported on Monday that the UK economy showed stagnation in the third quarter, with revised figures indicating no growth in GDP for the three months leading to September, rescinding the previously suggested 0.1% increase.

This presents a significant challenge for Prime Minister Keir Starmer, whose administration has faced criticism for not fulfilling its promises of job creation and improved living standards.

 

During a conversation at the European Union summit, Slovak Prime Minister Robert Fico claimed that Ukrainian President Volodymyr Zelenskyy attempted to bribe him to get his vote for NATO membership.

Fico stated that after mentioning Slovakia might lose €500 million in gas transit fees annually, Zelenskyy proposed providing €500 million from Russian assets if Fico supported Ukraine’s NATO membership. Fico firmly rejected the offer, saying, “Never.”

 

On Sunday, President-elect Donald Trump threatened to retake control over the Panama Canal, accusing Panama of excessive passage fees, and drawing ire from the Panamanian President Jose Raul Mulino.

Trump also said that he would not let the canal fall into the wrong hands, citing potential Chinese influence on the canal.