Thailand’s SET Index closed at 1,284.11 points, increased 0.14 points or 0.01% with a trading value of THB 53.12 billion. The analyst stated that the Thai market slumped in the afternoon session after exhibiting an upward trend in the morning with ADVANC, DELTA, and GULF bolstering the index. The stock selloffs could potentially be attributed to the announcement from the Ministry of Finance regarding the readjustment of the conditions for LTFs, while the financial performance of some listed companies turned out lackluster.
The analyst expected the Thai market to decline tomorrow and recommended investors closely observe the financial statements of DELTA, slated to be released on Friday.
The U.K. economy experienced a slight expansion of 0.1% in the fourth quarter, surpassing predictions by economists polled by Reuters anticipating a 0.1% contraction.
The European Union is aiming to prevent a trade conflict with the United States concerning upcoming 25% tariffs on steel and aluminum imports by favoring negotiation over retaliatory actions.
In January, American consumers experienced the sharpest increase in prices seen in nearly 18 months. Year-over-year, the consumer price index (CPI) climbed 3.0%, marking the largest escalation since June 2024, after a 2.9% rise in December. This growth surpassed the projections of economists, who predicted a 0.3% monthly advancement and a 2.9% increase annually.
Senator Elizabeth Warren asserted on Wednesday that only Congress holds the authority to dismantle the Consumer Financial Protection Bureau (CFPB), highlighting a potential legal feud with President Donald Trump following the administration’s decision to halt the agency’s operations.
