On Wednesday, Liberator Securities expects the Thai stock market to move sideways this morning, following a slight uptick in U.S. inflation data released overnight.
However, there are emerging signs that tariff costs are beginning to impact certain products, which may prompt the market to keep a close watch on inflation figures for indications of the U.S. Federal Reserve’s potential interest rate cuts, while the likelihood of a rate cut in September has diminished.
Meanwhile, progress on trade talks saw the U.S. announce a trade agreement with Indonesia at a 19% rate, lower than Thailand’s, which could pose a minor negative factor for the Thai market.
The firm set a resistance level for the SET Index at 1,140 and a support level at 1,180 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,161.01 points, increased 17.70 points or 1.55% with a trading value of THB 48.02 billion.
