On Tuesday, the Thai stock market concluded its five-day winning streak, during which it accrued over 40 points or a 3 percent increase. The Stock Exchange of Thailand (SET) now rests slightly below the 1,365-point mark and is expected to remain steady within that range on Wednesday.The global outlook for Asian markets indicates minimal movement, as investors await significant corporate earnings and inflation data. European markets displayed mixed results, while U.S. markets charted modest gains, suggesting that Asian markets will likely experience little change.The SET ended Tuesday marginally lower as declines in the finance, property, and services sectors were balanced by gains in food, resource, and technology stocks.For the day, the index dipped by 0.50 points or 0.04 percent to close at 1,364.31, fluctuating between 1,360.74 and 1,368.55. Trading volume reached 9.256 billion shares valued at 43.499 billion baht. Among the traded stocks, 247 advanced, 237 declined, and 180 remained unchanged.In active trading, Advanced Info shed 0.40 percent, Thailand Airport decreased by 0.82 percent, Asset World fell by 0.54 percent, Banpu dropped 0.92 percent, while Bangkok Bank declined by 0.70 percent. Conversely, Bangkok Dusit Medical rose 0.91 percent, Bangkok Expressway dropped 1.26 percent, B. Grimm increased 0.48 percent, and BTS Group declined 0.91 percent. CP All Public saw a slight slip of 0.42 percent, Charoen Pokphand Foods surged 2.04 percent, Energy Absolute and PTT Exploration and Production each gained 0.69 percent, Gulf and SCG Packaging both climbed 1.00 percent, and Siam Concrete appreciated by 0.45 percent. Prime Road Power soared 17.39 percent, while PTT Oil & Retail jumped 1.96 percent. PTT fell 0.72 percent, PTT Global Chemical plummeted 1.94 percent, Siam Commercial Bank slipped 0.93 percent, and Thai Oil spiked 1.90 percent. True Corporation and TTB Bank ended unchanged.On Wall Street, the sentiment was flat to positive as major averages hovered around the unchanged line throughout Tuesday’s trade before closing slightly higher.The Dow Jones Industrial Average edged up by 10.00 points or 0.02 percent to conclude at a record 41,250.50. The NASDAQ increased by 29.05 points or 0.16 percent to finish at 17,754.82, and the S&P 500 gained 8.96 points or 0.16 percent to finish at 5,625.80.Wall Street experienced choppy trading as investors were cautious, awaiting crucial earnings results from Nvidia (NVDA), which is set to release its fiscal second-quarter results later today.Additionally, traders are anticipating the Commerce Department’s report on personal income and spending for July, which includes inflation readings preferred by the Federal Reserve, set for release on Friday.While this data is unlikely to alter the expectation that the Federal Reserve will lower interest rates next month, it could influence predictions for the pace at which the central bank might cut rates in the future.Oil prices fell on Tuesday after three consecutive days of strong gains, as the market consolidated ahead of supply data expected later. West Texas Intermediate Crude futures for October declined by $1.89 or 2.5 percent to $75.53 a barrel.The material has been provided by InstaForex Company – www.instaforex.com
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