Thailand’s SET Index closed at 1,456.97 points, increased 4.17 points or 0.29% with a trading value of 49.35 billion baht. The analyst stated that the Thai stock market traded with volatility within the positive territory, following the purchase of New Co stocks, including GULF, INTUCH, and ADVANC, coupled with the support from the upward trend of DELTA.
The analyst expected the market to trade sideways tomorrow amid support from the Vayupak Fund. Meanwhile, investors will closely observe the evolving flood situation in Thailand, potentially affecting Bangkok, while also awaiting the release of inflation data from the US scheduled for tomorrow night.
Thailand’s Ministry of Finance has intensified its push for the Bank of Thailand to reduce interest rates in a bid to stimulate economic growth and devalue the baht, shortly after a prominent ex-governor cautioned against governmental interference in the central bank’s affairs. The minister suggested that a 25 basis point reduction would be a favorable initial step, but acknowledged the necessity for ongoing vigilance and adjustments to ascertain its efficacy.
Prime Minister Shigeru Ishiba announced the dissolution of Japan’s House of Representatives on Wednesday, paving the way for a snap election scheduled for October 27, despite facing criticism from opposition parties for his swift decision to seek a fresh mandate.
British business confidence dipped in the third quarter as worries over taxes impacted investment decisions, as per a survey of accountants echoing similar sentiments from various business groups leading up to the upcoming budget under the new Labour government.
The Institute of Chartered Accountants in England and Wales (ICAEW) revealed that its quarterly Business Confidence Monitor decreased to 14.4 in the three months ending in September, marking the first decline in a year from 16.7 in the previous quarter.
In a court filing on Tuesday, the United States indicated that it is contemplating seeking a court order to compel Alphabet’s Google to sell off certain divisions of its business that have contributed to the tech giant’s maintenance of an unlawful monopoly in online search.
Authorities mentioned that potential remedies, including divestitures, are being considered in the high-profile case that could potentially revolutionize how Americans access information on the internet.
