Thailand’s SET Index closed at 1,532.67 points, increased 4.24 points or 0.28%, with a trading value of THB 54.73 billion. The analyst stated that the Thai market surged along with regional market trends, as investors digested the prospect of the Middle East peace talks, which stabilized the bond yield and oil prices.
For tomorrow, the analyst expects the Thai market to move sideways within a narrow range. Despite there being supporting catalysts from the government measures, the Middle East situation remains uncertain.
President Donald Trump indicated that the United States is “in the final stages” of discussions with Iran, having earlier this week paused renewed military action to allow further diplomatic efforts—an approach he attributed to requests from Gulf partners.
Trump added that while the U.S. is ready to take additional action against Tehran if talks fail to secure a peace agreement. He described the diplomatic situation as highly sensitive and said it could deteriorate rapidly.
A significant portion of Federal Reserve officials signaled at their latest meeting that additional interest rate increases may be necessary if inflation remains elevated due to the ongoing conflict in Iran.
SpaceX has officially filed its preliminary S-1 prospectus, setting the stage for one of the most highly anticipated IPOs in recent history. The IPO will offer Class A common stock (ticker: SPCX), with the final pricing yet to be determined. Leading underwriters include Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, J.P. Morgan, and Barclays, with a 30-day option to purchase additional shares.
