33.3 C
Bangkok
Saturday, May 11, 2024

Political drift stalls SET but upside possible

We expect the SET Index to advance as earnings plays have kicked in with many second-quarter results of listed firms coming in favourably.

Additionally, the US Federal Reserve is expected to slow the pace of interest-rate increases, while China is expected to announce more economic stimulus packages.

However, the local political vacuum may dent investor confidence as the second largest vote-winner, the Pheu Thai Party, attempts to form a new government after parting ways with top-ranked Move Forward. But the country now has to wait for a Constitutional Court…

Read more…

Latest Articles