Thai Shares Tipped To Open In The Red On Monday

RTTNews | 5 hari yang lalu

(RTTNews) - Ahead of Friday's market holiday, the Thai stock market had alternated between positive and negative finishes through the last five trading days since the end of the five-day winning streak in which it had gained almost 25 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,575-point plateau and the losses may accelerate on Monday.

The global forecast for the Asian markets is negative on rising oil prices and heavy pressure on technology stocks. The European markets were up and the U.S. bourses were down and the Asian markets are tipped to follow the latter lead.

The SET finished slightly lower on Thursday as losses from the consumer, industrial and technology sectors were countered by gains among the service, property and financial stocks.

For the day, the index dipped 2.87 points or 0.18 percent to finish at daily high of 1,573.01 after trading as low as 1,557.67. Volume was 9.204 billion shares worth 58.483 billion baht. There were 235 gainers and 197 decliners, with 197 stocks finishing unchanged.

The lead from Wall Street is weak as the major averages opened mixed on Friday but trended lower throughout the session, finishing near daily lows.

The Dow dropped 175.29 points or 0.34 percent to finish at 52,002.41, while the NASDAQ plunged 572.97 points or 2.14 percent to close at 26,140.03 and the S&P 500 sank 84.62 points or 1.09 percent to end at 7,659.44. For the week, the Dow rose 0.7 percent, the NASDAQ plunged 4.5 percent and the S&P lost 2 percent.

A renewed sell-off among technology stocks weighed on the NASDAQ amid concerns about debt-fueled AI infrastructure spending. Computer hardware stocks again turned in some of the tech sector's worst performances, with the NYSE Arca Computer Hardware Index sinking 5.4 percent to a two-month closing low.

Adding to the negative sentiment, crude oil prices rallied again on Friday, surging above $100 a barrel for the first time in a month as Iran re-escalated its attacks in the Strait of Hormuz. West Texas Intermediate crude for November delivery spiked $3.33 or 3.4 percent to $101.30 a barrel.

In economic news, the Federal Reserve said industrial production in the U.S. increased by more than expected in September, rising 0.7 percent following a revised 0.1 percent uptick in August.

baca selengkapnya

U.S. Dollar Advances As Concerns Of Rate Hike Due To Possible Higher Inflation Increase

The U.S. Dollar value edged higher on Friday as crude oil prices continued to surge for the second day supported by concerns of a potential U.S.-Iran war. Oil-driven inflation worries have led to expectations of an interest rate hike in the U.S.

RTTNews | 11 jam 33 menit yang lalu

Canadian Market Remains Weak Despite Coming Off Early Lows

The Canadian stock market's benchmark S&P/TSX Composite Index remains firmly down in negative territory Friday afternoon despite regaining a significant portion of the ground it lost in early trades. Concerns about inflation and prospects of interest rate hikes amid elevated oil prices following the latest Houthi attacks on Saudi targets weigh on sentiment.

RTTNews | 13 jam 49 menit yang lalu

Swiss Market Ends Moderately Lower

After edging up a bit at the start, the Swiss market retreated and stayed in negative territory throughout the session on Friday. Worries about inflation and possible monetary tightening by several global central banks rendered the mood cautious.

RTTNews | 14 jam 18 menit yang lalu

European Stocks Close Lower On Earnings, Weak Economic Data

The major European markets closed lower on Friday as largely weak regional PMI data, and concerns about inflation and monetary tightening amid continued rise in oil prices hurt sentiment. France's debt woes and uncertainty about returns on AI-related investments weighed as well.

RTTNews | 14 jam 40 menit yang lalu

U.S. Consumer Sentiment Deteriorates Far Less Than Previously Estimated In October

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by far less than previously estimated in the month of October. The report said the University of Michigan's consumer sentiment index for October was upwardly revised to 48.0 from a preliminary reading of 46.3.

RTTNews | 17 jam 45 menit yang lalu

Bay Street Look Headed For Weak Start

Canadian stocks are likely to open on a weak note on Friday amid concerns about inflation and prospects of interest rate hikes by the Canadian and U.S. central banks. Oil prices are up sharply, while precious metals are notably lower. Canadian retail sales data, and quarterly earnings updates, as well as U.S. PMI reports are set to make a notable impact on price movements.

RTTNews | 20 jam 3 menit yang lalu

Eurozone Private Sector Growth At 4-Month Low

The euro area private sector softened to a four-month low in October as activity in France shifted back into contraction amid tightening financial conditions and rising political pressures, flash purchasing managers' survey data from S&P Global revealed Friday. The composite output index fell to 51.9 in October from 53.1 in the previous month, falling below the economist forecast of 52.7.

RTTNews | 20 jam 21 menit yang lalu

FTSE 100 Falls 0.5% On Weak Retail Sales, Consumer Confidence Data

The FTSE 100 declined 52.73 points to 10,672.32 Friday as weak retail sales, declining consumer confidence, and Middle East tensions offset private sector expansion. Retail sales fell 0.4% in September versus forecasts of 0.1%, while consumer sentiment hit its sharpest pandemic-era drop.

RTTNews | 20 jam 24 menit yang lalu

EURUSD	1.1202	GBPUSD	1.3372
USDJPY	156.819	USDCAD	1.39976