Bangkok Post – Favourable US inflation report cheers investors

RECAP: Most Asian equity markets advanced yesterday, led by Japan, as US stocks reached fresh highs after the Federal Reserve’s preferred inflation indicator met consensus forecasts.

Thai shares moved in a range of 1,364.31 and 1,401.14 points this week, before closing yesterday at 1,367.42, down 2.2% from the previous week, with daily turnover averaging 55.55 billion baht.

Retail investors were net buyers of 5.95 billion baht, followed by brokerage firms at 559.33 million. Foreign investors were net sellers of 5.89 billion baht, followed by institutional investors at 616.97 million.

NEWSMAKERS: The US personal consumption expenditures index rose 2.4% year-on-year in January, down from 2.6% in December. The Fed’s preferred inflation gauge rose 0.3% on a monthly basis, but analysts believe the data could encourage the central bank to start cutting…