CGS International Securities (Thailand) expected a technical rebound for the Thai stock market within the range of 1,310-1,325 points after a plummet from political issues, including the Lese Majeste on Thaksin Shinawatra, the removal of Srettha Thavisin and the disband of Move Forward Party. Moreover, there are also cases related to the governor of the Bank of Thailand and concerns over Ananda Development’s debentures.
Apple revealed its plans to incorporate artificial intelligence (AI) features and collaborate with OpenAI, known for its ChatGPT model.
The partnership aims to provide Apple’s vast user base access to OpenAI’s advanced technology. Notably, OpenAI has previously formed alliances with various tech and media firms, including a significant deal with Microsoft.
The tech giant has announced that these innovative features will be available to users later this year.
Meanwhile, Elon Musk said that he may ban all Apple devices at his companies if Apple integrates OpenAI at the OS level, saying that it is an unacceptable security violation.
Analysts at Goldman Sachs have forecasted that Brent crude oil prices could climb to $86 per barrel in the third quarter of the year. This projection is based on the anticipation of heightened summer transportation and cooling demands leading to a substantial deficit of 1.3 million barrels per day.
The investment bank has set a floor price of $75 for Brent, citing that lower prices stimulate demand, while a ceiling of $90 is expected due to elevated global inventories and the decisions made by OPEC+ regarding production levels.
Conversely, UBS analysts have noted that long positions, indicating confidence in future price increases, are currently at their lowest levels since 2011, while short positions, reflecting bets on price declines, are nearing record highs.
