Morning stocks opened up 1.46 points, tracking US GDP.

The Thai stock market opened up 1.46 points, following the US GDP figure in the fourth quarter of 2022, reflecting the continued slowdown in inflation.

Investment atmosphere in the Thai stock market this morning (Jan 26), opened at 10:00 a.m., the index rose 1.46 points, touching 1,683.57 points, with a trading value of 4,428.25 million baht.

On the side of analysts, IRA Securities expects the market today “Sideways”, looking at support at 1,678 / 1,670 and resistance at 1,690 / 1,695, expecting the market in each country to continue to focus mainly on earnings reports. of listed companies in their own listed markets, and today the market is expected to wait and see the release of 4Q’22 GDP estimates.

US preliminaries are expected to come out at 2.6% QoQ, decelerating from the previous quarter. And wait to see the personal consumption expenditure price index (PCE) for Dec. on Jan. 27, which is the main gauge of inflation. The US Federal Reserve (FED) is expected to come out at 5.00% YoY and 0.0% MoM, reflecting the direction of US inflation that continues to slow down. This is expected to continue to be a supporting factor for the FED to raise interest rates by only 0.25% on February 1. This will continue to support the direction of risky assets prices.

While the direction of Dollar Index is still in the image of a sideways swing, referring to the downward direction, trying to make The latest low was at 101.6 in line with the trend of accelerating the spread of the FED and the country’s central bank in key economies. importance began to narrow It is viewed as a positive factor for the direction of regional markets, including the Thai stock market.

As for domestic factors, yesterday’s MPC meeting resolved to raise interest rates at 0.25% to 1.50% as the market and we expected. The view that the Thai economy is still in a continuous recovery. Look at China’s opening sooner than expected and the economy abroad is not as bad as expected. It is expected that the Thai economy will recover as much as before the COVID-19 outbreak.