Thai Stock Market Expected to Remain Steady

The Thai stock market is expected to experience little movement on Wednesday, according to the global forecast for Asian markets. The Stock Exchange of Thailand (SET) ended a two-day slide on Tuesday, sitting just shy of the 1,465-point plateau.

The European markets were down, while the U.S. bourses were mixed and flat, and the Asian markets are expected to follow the latter lead. The lack of movement in the Thai stock market is attributed to the wait for developments in the Middle East.

Global Market Trends

The global market trends are being influenced by various factors, including the Middle East situation, economic data, and company news. The U.S. durable goods orders slumped 1.4% in February, while the services index indicated slower growth in March. The U.S. employment rebounded more than expected in March, and the trade deficit widened less than expected to $57.3 billion in February.

In other news, Estée Lauder shares fell 5% after announcing a partnership with WPP and restructuring plans. Cipla received FDA approval for generic nintedanib capsules, while Trimble is set to buy Document Crunch for an undisclosed sum.

Economic News

The economic news is being closely watched, with the focus on foreign trade figures and survey data on the private sector. The war in the Middle East continues to raise concerns for policymakers, and the latest inflation figures in Europe worsened fears for policymakers.

In Asia, manufacturing activity remained resilient in China. The Indian stock market is expected to remain steady, while the Canadian stock market edged higher as the U.S. ultimatum to Iran ended in a few hours.

The cryptocurrency market is also being closely watched, with Bitcoin and other digital currencies experiencing fluctuations in value. The health news is focused on the COVID-19 pandemic, with health experts raising concerns about the new Covid variant ‘Cicada’.

Conclusion

In conclusion, the Thai stock market is expected to remain steady on Wednesday, with little movement expected. The global market trends are being influenced by various factors, including the Middle East situation, economic data, and company news. The economic news is being closely watched, with the focus on foreign trade figures and survey data on the private sector.

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