Thai stocks today, April 25, 2024, opened the market plus 0.46 points, waiting for GDP-PCE, the United States to test the Fed’s mind.

Thai stocks today Movement on 25 April 2024 Thai stock market Open this morning SET Index It was at 1,361.56 points, an increase of 0.46 points or 0.03%. Total trading value was 9.3 billion baht.

Mr. Sarawut Techochawalit, Senior Director of Securities Analysis Department, RHB Securities (Thailand), said that the trend of the Thai stock market this morning is expected that the index will fluctuate within a narrow range. Investors are waiting to follow the release of first quarter gross domestic product (GDP) data in the United States today (April 25) and the personal consumption expenditures price index. (PCE) on Friday (26 April) to find signals indicating the trend of US interest rates. After reporting important economic figures that were revealed earlier, it was quite good. As a result, investors have lowered their expectations of the Federal Reserve’s (Fed) interest rate cut from 3 times to only 1 time.

However, if the US GDP and PCE figures are higher than expected This may cause the yield on US government bonds (bond yields) to increase further. Meanwhile, yesterday the Monetary Policy Committee (MPC) revealed that the MPC is ready to review interest rate policy. If there is additional new information and significantly affecting the outlook for the Thai economy This gives the opportunity to significantly cut interest rates only 1 time this year. In addition, the US dollar strengthens. Pressure on the baht to depreciate further.

In addition, today follow the Stock Exchange of Thailand (SET) to announce the progress of measures to improve supervision. If the measures are more stringent May build investor confidence As a result, stocks that were short sold may need to be covered short.

Investment strategies in situations where there is little opportunity for interest rate reductions Recommend investing in banking groups and speculate on stocks in the electronic components group After last night, the NASDAQ index continued to rise.

Ready to look at the support level of 1,350 points and the resistance level of 1,365 points.