Thai Stock Market Outlook: Index Morning Trend Sides Sideways – Up



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Mr. Apichat Phobanbanjerdkul Senior Director TISCO’s Strategic Securities Analysis Group revealed that this morning’s Thai stock market is expected to swing side-to-side up, similar to this morning’s Asian stock market, moving into positive territory between 0.5 and 0.6% after the concern of US President Nald Trump has been discharged from the hospital. As a result, the Dow Jones rose. And the global purchasing managers index (PMI) also improved in the United States and Europe, better-than-expected markets.

Additionally, WTI crude prices rose nearly 6% last night. It is expected to reinforce actions in the energy and petrochemical sector, and our house also has the opportunity to win a meeting of the Center for Economic Situation for the impact of the 2019 coronavirus outbreak (BE) to be held. Tomorrow (October 7), where the measures to stimulate consumption are expected to be published.

However, the progress of the US economic stimulus has yet to be monitored. What you may have to reduce the number of remedies. And tomorrow follow the minutes of the previous meeting of the Federal Reserve (Fed).

Ready for support, 1,236-1,230 points and resistance at 1,250-1,260 points.


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