1) FSS expects the energy sector to buoy the market after
Finansia Syrus Securities (FSS) expected Thailand’s SET Index to move in a sideways trend within the range of 1,500-1,510 points, supported by the energy sector after a rise in crude oil prices last night. The main focus for SET Index is the voting for PM on Thursday evening, seeing a short positive sentiment in building investors confidence if the voting is successful in the first attempt.
2) Oil prices edge slightly higher after huge gain yesterday
Oil prices rose slightly after a huge gain yesterday after the report of U.S. crude inventories increasing by about 3 million barrels in the week to July 7, much higher than expectations of a 500,000 barrels rise polled by Reuters.
The international benchmark Brent crude rose $0.17 or 0.21% to $79.57 a barrel. Meanwhile, the West Texas Intermediate (WTI) rose $0.17 or 0.23% to $75.00 a barrel.
Last night, oil prices rose about $2 amid depreciation of U.S. dollars and forecasts for global demand for petroleum to return.
3) US judge give a greenlight to Microsoft and Activision deal
Microsoft received a green light to begin the process of acquiring video game maker Activision Blizzard after the ruling of the U.S. judge that approved the $69 billion deal. Meanwhile, a British regulator stated that it could reconsider its opposition to the deal.
The share price of Activision Blizzard Inc., which traded in Nasdaq, rose 10% to $90.99, while Microsoft rose slightly by 0.19% to $332.47 per share.
