Stocks opened negative 1.09 points, resting their base after a strong jump.

economy

01 June 2022 – 10:20

The stock market opened 1,662.32 points in the morning, down 1.09 points. Analysts expect the SET to begin a break after rising 5% in the past two weeks.

The atmosphere of investing in the Thai stock market this morning (1 June) opened at 10:00 am. The index dropped 1.09 points, touching 1,662.32 points, trading value 3,913.35 million baht.

PIE Securities analyst estimates the SET INDEX today moving in a frame of 1,657 – 1,667 points, believes that it will start to recover after a 5% rise in the past 2 weeks (from the previous low) for the cold follow-up factor. The chairman of the ECB is expected to give a statement today, and he believes the market will keep an eye on it for comments on interest rates and inflation. After EU inflation hit a record high On the US side, the ISM Bloomberg Purchasing Managers Index (PMI) is released tonight at 54.4.

As for tomorrow’s track of jobless claims, Bloomberg estimates 210,000 jobs, including private sector payrolls (ADP), Bloomberg estimates 2.95k, believing the market doesn’t want to see the numbers too hot or they’ll turn to worries. Against inflation and increasing the chances of an interest rate hike by the US Federal Reserve that has a chance to accelerate