Thai Bourse Tipped To Open Under Pressure

RTTNews | 730 dias atrás
Thai Bourse Tipped To Open Under Pressure

(RTTNews) - The Thai stock market on Wednesday wrote a finish to the two-day winning streak in which it had climbed more than 15 points or 1 percent. The Stock Exchange of Thailand now rests just shy of the 1,660-point plateau and the losses may accelerate on Thursday.

The global forecast for the Asian markets is soft on continuing anxiety over the outlook for interest rates and tumbling oil prices. The European and U.S. markets were mixed and little changed and the Asian bourses figure to open under pressure.

The SET finished modestly lower on Wednesday following losses from the financial shares and energy producers.

For the day, the index lost 9.15 points or 0.55 percent to finish at 1,659.48 after trading between 1,656.50 and 1,667.99. Volume was 14.281 billion shares worth 55.186 billion baht. There were 1,018 decliners and 523 gainers, with 457 stocks finishing unchanged.

Among the actives, Advanced Info dropped 0.95 percent, while Thailand Airport slumped 1.37 percent, Banpu sank 0.88 percent, Bangkok Bank surrendered 1.51 percent, B. Grimm weakened 1.26 percent, CP All Public jumped 1.53 percent, Energy Absolute declined 1.23 percent, Gulf lost 0.46 percent, Kasikornbank plunged 2.15 percent, Krung Thai Bank retreated 1.14 percent, Krung Thai Card slid 0.42 percent, PTT stumbled 1.50 percent, PTT Exploration and Production tanked 2.19 percent, SCG Packaging slipped 0.47 percent, Siam Commercial Bank shed 0.75 percent, Thai Oil was down 1.32 percent, TTB Bank tumbled 1.42 percent and PTT Oil & Retail, Bangkok Dusit Medical and PTT Global Chemical were unchanged.

The lead from Wall Street offers little guidance as the major averages opened higher on Wednesday but faded late, allowing only the NASDAQ to finish in the green.

The Dow shed 84.50 points or 0.26 percent to finish at 33,045.09, while the NASDAQ rose 14.77 points or 0.13 percent to close at 11,507.07 and the S&P 500 dipped 6.29 points or 0.16 percent to end at 3,991.05.

The mixed close on Wall Street followed the release of the minutes of the Federal Reserve's most recent monetary policy meeting. The minutes revealed a "few participants" favored raising rates by 50 basis points versus the 25 basis point rate hike that was ultimately announced.

The minutes noted all participants continued to anticipate that ongoing rate increases would be appropriate to achieve the Fed's dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.

Crude oil prices tumbled on Wednesday, extending their losing streak to six consecutive sessions on concerns about the outlook for global demand. West Texas Intermediate crude for April delivery plunged $2.41 or 3.1 percent to $73.95 a barrel on its first day as the front month contract.

read more
TSX Ends Sharply Lower On Mixed Economic Data, Weak Commodities

TSX Ends Sharply Lower On Mixed Economic Data, Weak Commodities

The Canadian market ended sharply lower on Friday due to heavy selling in technology, materials and energy sectors. Consumer discretionary and financials stocks too reeled under pressure, albeit to a less pronounced extent.
RTTNews | 14 h 59 min atrás
Dollar Rises, Gains Against Major Counterparts

Dollar Rises, Gains Against Major Counterparts

The U.S. dollar climbed higher on Friday, scoring gains over most of its major counterparts, after weak consumer sentiment data prompted investors to shun riskier assets such as equities.
RTTNews | 15 h 27 min atrás
Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

The Switzerland market started off on a flat note on Friday, but gained in strength as the day progressed with stocks from across several sectors finding good support.
RTTNews | 18 h 52 min atrás
U.S. Dollar Higher Amid Risk Aversion

U.S. Dollar Higher Amid Risk Aversion

The U.S. dollar advanced against its major counterparts in the New York session on Friday amid risk aversion, as U.S. stocks pulled back after weak consumer sentiment data.
RTTNews | 18 h 59 min atrás
Major European Markets Close On Mixed Note

Major European Markets Close On Mixed Note

European stocks closed on a mixed note on Friday with investors largely making cautious moves, digesting regional PMI data, and a slew of corporate earnings announcements, in addition to closely following the developments on the geopolitical front. Uncertainty about U.S. government's trade and economic stance weighed on stocks. Germany's snap election on Sunday was in focus as well.
RTTNews | 19 h 18 min atrás
Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

After opening slightly up, the Canadian market tumbled into negative territory Friday morning as tariff threats and weak commodity prices, as well a few disappointing earnings updates prompted investors to press sales at several counters. Preliminary data showing a likely drop in retail sales in January is weighing as well.
RTTNews | 19 h 54 min atrás
U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of February. The University of Michigan said its consumer sentiment index for February was downwardly revised to 64.7 from a preliminary reading of 67.8. Economists had expected the index to be unrevised.
RTTNews | 22 h 9 min atrás
U.S. Existing Home Sales Pull Back Sharply In January

U.S. Existing Home Sales Pull Back Sharply In January

Existing home sales pulled back sharply in the month of January, according to a report released by the National Association of Realtors on Friday. NAR said existing home sales plunged by 4.9 percent to an annual rate of 4.08 million in January after surging by 2.9 percent to an upwardly revised rate of 4.29 million in December.
RTTNews | 22 h 24 min atrás