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19 Jul 2019

Financial Markets

The Baht rebounded while the SET rose on expectation of Fed rate cut.


            The SET index recovered at the end of the week, ending at 1,735.10 points, up 0.20% over-week. The average daily trading value was THB58,192.36 million, down 13.43% over-week. The mai closed at 375.18 points, up 0.18% over-week.

              The SET index fell to midweek amid concerns about uncertainty in US-China trade talks, as President Trump said that there is a long way to go in sealing a trade deal and could impose new tariffs on China if he wants. However, the SET recovered at the end of the week in line with regional stock markets, after New York Fed President added credence to market expectations that the Fed will cut rates this month. Meanwhile, investors still await government's stimulus. ​

Financial Markets