Thailand’s SET Index closed at 1,256.85 points, decreased 3.83 points or 0.30%, with a trading value of THB 32.01 billion. The analyst stated that the Thai market exhibited a downward trend regardless of the expected rate cut. This was due to a comment from the Monetary Policy Committee, stating that the rate cut was to sustain the economy and not stimulate growth, thus turning the cut into a downside factor.
The analyst expects the Thai market to trade sideways tomorrow.
The Bank of Thailand voted unanimously to reduce its key interest rate by 25 basis points on Wednesday, bringing the policy rate down to 1.25%. The central bank’s decision aligns with projections from numerous analysts and economists, who cited a sluggish macroeconomic backdrop as a primary driver for the cut.
Japan’s exports rose 6% year-on-year in November, propelled by a rebound in shipments to the United States following a recent trade agreement with President Donald Trump administration that eased tariff concerns. Meanwhile, imports increased 1.3% from a year earlier, according to preliminary government data, resulting in a trade surplus of JPY 322.2 billion.
The inflation rate in the United Kingdom slowed to 3.2% in November, coming in below the 3.5% rate anticipated by economists polled by Reuters. The figure marks the lowest level of annual inflation since March and a decrease from October’s 3.6%.
U.S. President Donald Trump declared Venezuela’s government a “terrorist” organization, escalating Washington’s pressure campaign by ordering a “complete and total blockade” on all sanctioned oil tankers moving to and from the South American nation.
