Recap: Global stocks moved higher on Friday, heading for their first weekly gain in a month after fears of an economic recession, while inflation eased on declines in commodity prices.
The SET index moved in a range of 1,549.98 and 1,576.05 points this week before closing yesterday at 1,568.76 points, up 0.6% from the previous week, in daily turnover averaging 62 billion baht.
Institutional investors were net buyers of 8.05 billion baht, while retail investors bought 3.37 billion. Foreign investors were net sellers of 11 billion baht. Brokerage firms offloaded 401 million baht worth of shares.
Newsmakers: The US economy is strong but faces an “uncertain” global environment and could see further inflation “surprises,” Federal Reserve Chair Jerome Powell said Wednesday.
- A recession in the US is not “inevitable,” Treasury Secretary Janet Yellen said Sunday, just…
