Thai stocks today, keep an eye on PCE numbers tonight, support 1,355 -1,360 points: PPTVHD36

The Thai stock market awaits PCE numbers tonight, suggesting gradual purchases in food, beverage, retail, hospitals and hotels.

Kingsford Securities Company assesses that the SET Index is stable within the support level 1.,355 -1,360 points, resistance 1,372 Point while waiting for US PCE March numbers to be announced tonight. To assess the opportunity to reduce interest rates from the Federal Reserve (Fed) and wait for the profit report, the company recommends gradually buying the food & beverage group. ICHI,SAPPE,OSP,TU,ITC,KCG/ Retail Group CPALL,BJC/ Hospital BDMS,BCH and hotel groups ERW,AWC,MBK

US stock market DJIA -0.98%, S&P500 -0.46%, Nasdaq -0.64% after the US Department of Commerce revealed that GDP Q1/67 +1.6% expanded the lowest in 2 years, while US PCE Q1/67 +3.4% & Q4/66 +1.8% YoY indicates inflation is still high. While this evening following US PCE March, expected 2.6% & February 2.5% YoY, initially the market expects the Fed may cut interest rates only 1 time this year if inflation is still higher than expected.

Meanwhile, world oil prices WTI in June increased 0.76 to 83.51 dollars / barrel. Brent in June increased 0.99 to 89.01 dollars / barrel after US Treasury Secretary Janet Yellen pointed out that the US economy is still strong and expected GDP will be adjusted up after receiving additional information. While the situation in the Middle East Israel uses airstrikes on Rafah.

Theme: Outstanding stocks in 2024. The government has launched measures to stimulate purchasing power. On the export side, there is an opportunity to expand again. Tourism recovers following the number of tourists. Flow is expected to return after major central banks have the opportunity to start cutting interest rates. (1) Consumer sector Benefit from measures to stimulate the domestic economy. CPALL, CPAXT, CPN, CRC, ICHI, NSL

(2) Export groups benefit from export numbers that are expected to recover. AAI, ITC, TU, COCOCO, PLUS, OSP, SAPPE, KCE, SJWD

(3) Travel group benefit from the measures Free Visa AOT, CENTEL, ERW, SPA, SISB, WPH

(4) Leasing sector benefits from the end of the rising interest rate cycle. MTC, TIDLOR

(5) Power plant group Benefit from reduced gas costs. BGRIM, GPSC

(6) Industrial estates/EVs benefit from shifting production bases and the trade war. AMATA, WHA