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Tuesday, May 7, 2024

SET jumps over 1500 as US inflation cools down

Asian markets rose for a fifth consecutive day as US inflation cooled, raising speculation that the Federal Reserve may pause interest rate increases.

Thai shares also rallied despite ongoing political uncertainty. The SET Index fluctuated this week between 1,482.21 and 1,519.08 points, finishing yesterday at 1,517.92, up 1.84% from the previous week, on average 41.95 billion baht in daily trade.

The market optimism extended beyond Asia, with European markets also seeing gains. Investors are closely monitoring the US inflation data, as it could influence central bank decisions and global market trends.

Meanwhile, the situation in Thailand remains uncertain, with political developments adding to the volatility in the local stock market. Despite these challenges, the Thai shares managed to rally, reflecting a positive sentiment among investors. The SET Index displayed a range of…

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