SET closed this morning at 1,362.02 points, down 2.25 points (-0.16%), trading value around 19,312 million baht.
Stock trading in the morning The index fluctuates within a narrow range. The highest point was 1,366.24 points and the lowest was 1,360.11 points.
Mr Wathan Jitsomnuk, Director of Strategic Analysis, Pye Securities, said that the Thai stock market this morning fluctuated within a narrow range. After recognizing the positive factors and easing some of the concern about the situation of unrest in the Middle East This causes the market to return in the short term to wait and see new factors. The release of 1Q24 operating results and March US PCE inflation tonight, with the market expecting an expansion of 2.4% YoY If it comes out lower than expected, it will have a positive impact on the stock market. Including waiting to see Thai export numbers next week.
The afternoon trend is expected for the market. Swinging in a narrow frame Similar to the morning, the support level is 1,355 points and the resistance level is 1,370 points.
As for the securities with the highest trading value, 5 securities
KBANK trading value 1,816.62 million baht,
AMI Trend Represents Azerbaijan At The Spring Session…
The International Monetary Fund (IMF) Spring Meetings are taking place in Washington.
As Day.Az reports with reference to Trend, as part of the event, which takes place from April 15 to 20, special seminars were organized for a group of journalists from around the world.
The only representative from Azerbaijan invited to the seminars is Deputy Editor-in-Chief of the Trend International Information Agency Lyaman Zeynalova.
Senior IMF officials also take part in the seminars.
Note that the IMF Spring Meetings bring together central bankers, finance and development ministers, parliamentarians, private sector representatives, civil society organizations and academics to discuss issues of global concern, including the global economy, poverty eradication, and economic development.
Among other things, these meetings will focus on topics such as a return to industrial policy, building tax capacity in developing countries, reforms related to energy subsidies, and the implications of geo-economic fragmentation for financial stability in Europe and Asia. An updated Global Financial Stability Report and a World Economic Outlook report will also be presented.
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Profiting From Trumps Failures: How Short Sellers Are…
Profiting from Trump’s Misfortunes
Investors who have been betting against the success of Donald Trump’s social media venture, Truth Social, have seen significant financial gains in recent weeks. Despite fervent support from Trump loyalists and volatile market swings, these investors have capitalized on the company’s declining stock price.
Financial Skepticism
Many of these investors, including individuals like Elle Stange from Boise, Idaho, and Jeff Cheung from Seattle, are driven by skepticism towards the financial viability of Trump Media & Technology. Stange, who has profited from her bearish bets, questions Trump’s business acumen, citing the company’s lack of profitability. Cheung is confident that the stock is destined for failure.
Market Performance
Since its initial public offering, Truth Social’s stock price has plummeted from $66.22 to $38.49. Investors utilizing put options and short selling strategies have collectively earned over $200 million in paper profits. Despite these gains, amateur traders remain cautious due to the stock’s volatility.
Challenges and Risks
Short sellers face challenges in predicting the stock’s movements, especially in the face of significant price fluctuations driven by Trump supporters. The company’s financial woes, highlighted by substantial losses and minimal revenue, present a bleak outlook for its future.
Oil Prices Are Poised To End A Two-Week…
2024-04-26 04:28:33
Oil prices rose on Friday, on track to end the week on a higher note after two straight weeks of losses, after US Treasury Secretary Janet Yellen expressed optimism about economic growth amid concerns Concerns about supplies persist due to the conflict in the Middle East.
Around 0347 GMT, Brent futures rose 31 cents, or 0.4 percent, to $89.32 a barrel. U.S. West Texas Intermediate crude futures also rose 23 cents, or 0.3 percent, to $83.80 a barrel.
Over the week, Brent crude oil is up 2.3 percent so far, while U.S. crude is up 0.8 percent.
Yellen told Reuters on Thursday that U.S. GDP growth in the first quarter of the year could be revised upwards and inflation would fall after a set of “unusual” factors pushed the economy to its weakest performance for almost two years.
She added that U.S. economic growth would likely be stronger than indicated by weaker-than-expected quarterly data.
Data showed that economic growth slowed in the first quarter. Ahead of Yellen’s comments, aftershocks from accelerating inflation hit oil prices, with investors expecting the Federal Reserve would not cut interest rates until September.
Vehicles Put Up For Sale At Auction
Three hundred vehicles parked in the port of Toamasina will be the subject of an auction.
Vehicles parked at the port of Toamasina will soon be put up for auction. These are cars that, for the most part, are straight drive or do not comply with the regulations in force in the country.
In spare parts. A special auction operation will soon take place in Toamasina. Nearly three hundred vehicles will be dismantled into spare parts and then put up for public sale. An operation which affects cars which have exceeded their customs clearance deadline, but also those which present certain irregularities in relation to the country’s regulations.
According to the Council of Ministers on Wednesday, this is an operation aimed at decongesting and streamlining traffic in the port. “These cars are hindering traffic in the port of Toamasina,” says the report of the weekly meeting of the Executive. Physically, it seems that these vehicles have nothing to be ashamed of, with the exception of the fact that they are right-hand drive and/or that they have been parked for years on the port reservation.
Sectioned chassis
According to the report of the Council of Ministers,
Sanctions Against Russia Ignite Competition Between Europe And…
European and American buyers are competing aggressively for aluminum in the Middle East, with the European Union banning the Russian metal in the coming months, sparking price hikes similar to 2018 when sanctions were imposed on Rusal.
Reuters said that the race for aluminum from Middle Eastern countries, including the United Arab Emirates and Bahrain, would fuel inflation for Western companies in the transportation, packaging and construction sectors, which are already facing rising costs of raw materials and salaries.
Aluminum is the main component of electric cars. It is much lighter than steel, and is now the metal of choice in a wide range of electric vehicle parts.
For months, the European Union has discussed imposing sanctions that would ban Russian aluminum.
Sources said that the European Union did not issue any new sanctions on aluminum in the latest package marking the second anniversary of the Russian invasion of Ukraine, but the Union is expected to soon propose another package that includes a new ban on imports.
Middle Eastern producers were responsible for 6.2 million metric tons, or nearly 9% of global supplies last year, according to the International Aluminum Institute.
Data On The US Economy Poured Cold Water…
#Data #economy #poured #cold #water #Wall #Street #investors
Meta Platforms shares fell nearly 11% after the company provided weak guidance on its second-quarter financial performance
Major U.S. stock indexes ended the session lower after the latest data on the U.S. economy showed that it slowed significantly in the first quarter, CNBC reports.
The blue-chip benchmark Dow Jones Industrial Average fell 0.97% to 38,086.25.
IBM and Caterpillar shares fell 8.25 percent and 7.02 percent, respectively.
The broad gauge S&P 500 erased 0.46% of its value, falling to a level of 5,048.42 points.
The tech-heavy Nasdaq Composite was down 100.99 points, or 0.64%, at 15,611.76.
Markets responded to new data on the US economy, whose growth slowed significantly in the first quarter. According to the Commerce Department’s Bureau of Economic Analysis, gross domestic product, a broad measure of goods and services produced in the January-March period, rose 1.6 percent year over year, adjusted for seasonality and inflation.
Dow Jones economists had expected growth of 2.4%, following a 3.4% increase in the fourth quarter of 2023.
Government Housing Bank (GH Bank) Reduces MRR Loan…
economic news11:32 am 2024-04-26
The Government Housing Bank (GH Bank) responds to government policy. Notice of reduction of MRR loan interest rate by 0.25% per annum, effective from 1 May 2024 onwards.
Ready to help increase income from savings for the people by creating a savings deposit product “Savings” with an interest rate as high as 1.95% per year Deposit accounts will be open from 7 May – 30 December 2024.
Mr. Kamonpop Weerapala, Managing Director of GH Bank, disclosed that the Association of State Financial Institutions There was a decision for member financial institutions to reduce interest rates. according to government policy To help retail customers and vulnerable customers, with GH Bank reducing loan interest rates For major retail customers (MRR) reduced by 0.25% per annum from the initial 6.795% per annum to 6.545% per annum for a period of 6 months, effective from 1 May 2024 onwards, to help reduce consumption for more than 1.8 million customers, including customers with income low penetration and vulnerable customers Is there enough money left to survive. and have a better quality of life
In addition, GH Bank is ready to support savings in the public sector.
Lets Talk About New Opportunities In Chinas EconomyNewsletter:…
New Opportunities in China’s Economy Highlighted at Hannover Industrial Fair
The recently concluded 2024 Hannover Industrial Fair in Germany served as a platform for highlighting new opportunities in China’s economy. With nearly 4,000 exhibitors from about 60 countries and regions, including a significant presence of Chinese exhibitors, the event focused on fostering Sino-German scientific, technological, and economic cooperation.
One of the standout stories from the fair was the success of private enterprise Lima Optoelectronics Technology (Beijing) Co., Ltd. Vice President Yang Yingge emphasized the importance of the fair in showcasing their industrial CT measurement equipment and leveraging it to explore new cooperation possibilities. This sentiment was echoed by Hu Tianlian, chairman of Sichuan Forde Robot Co., Ltd., whose humanoid robot attracted significant interest and potential partnerships with foreign companies.
Moreover, the event saw Taicang, Jiangsu Province, known as the “Hometown of German Enterprises” in China, host a special investment forum resulting in significant projects and investments. German pharmaceutical and health company HCP GmbH, for instance, signed a contract to settle in Taicang High-tech Zone, signaling their commitment to expanding their presence in China.
The strong presence of German companies at the fair reflects a longstanding partnership between China and Germany,