Thailand’s SET Index closed at 1,308.09 points, increased 0.88 points or 0.07% with a trading value of 45.52 billion baht. The analyst stated that the Thai stock market slightly increased following a purchasing power in the electronic stocks, as analysts expected the companies to report robust 2Q24 earnings, mirroring DELTA’s performance. The purchase of GULF’s shares also made a notable contribution to the index, although the overall market outlook remains uncertain.
The analyst expected the market to continue increasing following the positive momentum.
Delta Air Lines has engaged a law firm and intends to pursue compensation from Microsoft and CrowdStrike due to a recent global cyber incident that resulted in extensive flight disruptions worldwide earlier in the month.
The Atlanta-based airline has faced a slower recovery compared to other major U.S. carriers in the aftermath of the technological failure that resulted in more than 2,200 flight cancellations on July 19, while the company has been forced to cancel over 6,000 flights so far.
The eurozone’s economy demonstrated resilience in the second quarter of 2024, with a growth rate exceeding expectations, as indicated by preliminary data released by the European Union’s statistics office on Tuesday.
The region’s gross domestic product (GDP) expanded by 0.3% in the quarter ending in June, surpassing the anticipated 0.2% increase predicted by economists surveyed by Reuters. The figures also confirmed that the first-quarter GDP remained stable at 0.3%, consistent with the initial reading announced earlier in the year.
