Finansia Syrus Securities (FSS) expected Thailand’s SET Index to move in a sideways trend, seeing a chance to rebound if the index can maintain its support level at 1,390 points after a series of decline last week.
The overall outlook this morning is slightly positive as the online sales on the Black Friday skyrocketed to a record high at $9.8 billion, representing a 7.5% YoY increase.
There is also important economic data coming out this week for both international and domestic. The Eurozone and US inflation data for November will be published later this week.
Online sales on the Black Friday hit a record high at $9.8 billion, representing a 7.5% increase from last year. Sales on Thanksgiving, which occurred a day before Black Friday, recorded a total sales of $5.6 billion in the U.S.
According to Salesforce, global Black Friday sales crossed $70 billion for the first time ever.
Japan’s business inflation known as the services producer price index (PPI) for October 2023 rose 2.3% YoY. The data was slightly higher than 2.1% expected by economists and 2.0% in September.
The index measures the average change in the prices received by service providers for their services in Japan.
An increase to 2.3% in October was a 45-month high for Japan. It was last seen in January 2020.
