Thailand’s SET Index closed at 1,462.48 points, increased 2.37 points or 0.16% with a trading value of 34.72 billion baht. The analyst stated that the Thai stock market moved slightly, showing a similar trend compared to global equity markets. This shift followed a 20-point upsurge subsequent to the weakening of the US dollar, in absence of other bolstering factors.
Investor focus remained on Nvidia’s upcoming earnings report, with the Thai market experiencing slight pressure due to the depreciation of the Thai baht.
The analyst expected the Thai market to exhibit a similar trend tomorrow, as traders awaited supporting catalysts.
In a bounce back from a 43-month low in September at a 1.7% drop, Japanese exports swelled by 3.1% in October compared to the same period the previous year. This surge outstripped projections of a 2.2% rise from economists surveyed by Reuters.
The People’s Bank of China (PBOC) made a decision to hold its primary benchmark lending rates steady as it evaluates the results of recent economic stimulus programs. The one-year loan prime rate remained constant at 3.1%, while the five-year LPR stayed at 3.6%.
President Xi Jinping has advocated for a peaceful world with fewer trade barriers during two global summits, aiming to shift his attention to strengthening China’s economy. However, challenges from figures like Donald Trump and Vladimir Putin may complicate these ambitions.
Morgan Stanley forecasts a slump in U.S. economic growth by 2026 due to the substantial tariffs planned by Donald Trump, with the proposal on blanket tariff hike could range from 10% to 20% on all imports, with additional tariffs between 60% and 100% on goods originating from China.
Inflation in the United Kingdom surged unexpectedly to 2.3% in October, a significant leap from September’s 1.7%. The figure also surpasses the projection of a 2.2% increase predicted by economists polled by Reuters.
