On November 19, 2024, global stock markets began to recalibrate in response to the recent U.S. elections, particularly reflecting on the implications of the 'Trump Trade.' While energy stocks in Thailand saw a decline despite the pro-fossil fuel policies anticipated under Trump's administration, Delta Electronics emerged as a stabilizing force for the Stock Exchange of Thailand (SET), which is expected to fluctuate between 1,450 and 1,500 points in the coming weeks [a8fa5d75].
Investors are now focusing on individual stocks as companies prepare to announce their Q4 results and outlooks for 2025. This shift comes amid expectations of interest rate cuts from the U.S. Federal Reserve, which could further influence market dynamics [a8fa5d75]. The Bank of Thailand is also set to hold its final meeting of the year on December 18, where speculation about the appointment of a new board chairman is generating interest among market participants [a8fa5d75].
In the context of China's economy, recent stimulus efforts are under scrutiny as analysts express concerns over the potential for a slowdown in U.S. economic growth, which could pose risks to the global market [a8fa5d75]. Additionally, there are expectations that discussions regarding the ongoing Russia-Ukraine conflict may become easier under a Trump administration, adding another layer to the geopolitical landscape that investors are closely monitoring [a8fa5d75].
This evolving narrative reflects a broader trend in Asian markets, which have recently rallied due to positive economic signals from China, including a 4.8% year-on-year growth in retail sales for October, and Japan's economy expanding by 0.9% year-on-year [60349747]. However, the Thai bourse faces challenges, with the SET Index recently closing at 1,442.63, down 1.5% from the previous week [60349747].
As the markets continue to adjust, investors are keenly awaiting upcoming economic reports, including Eurozone trade figures and Thailand's Q3 GDP, which will further inform market strategies and expectations [60349747].