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Sunday, May 5, 2024

Big-spending Biden lifts investors’ spirits

Recap: The US equity futures rose ahead of data expected to show the biggest increase of jobs in five months. Investors are optimistic about the US economic recovery after President Biden’s massive infrastructure proposal and the upcoming corporate earnings season.

The SET index moved in a range of 1,580.90 and 1,606.41 points this week before closing yesterday at 1,596.27, up 1.36% from the previous week, in daily turnover averaging 80.88 billion baht.

Institutional investors were net buyers of 3.66 billion baht and foreign investors bought 3.19 billion baht. Retail investors was net sellers of 6.28 billion baht while brokerage firms offloaded 575.17 million baht worth of shares.

Newsmakers: Economic growth led by the United States and China is accelerating, amplifying the risks of an uneven global recovery, the head of the…

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