Globlex Eyes Economic Stimulus Policy as Bhumjaithai Party Emerges as Government Leader

Globlex Securities predicts the SET index will move sideways this week, with investors closely watching the new government formation where Bhumjaithai Party has received the highest vote count and is likely to lead the government. Investors are also tracking upcoming economic stimulus policies and corporate earnings announcements that will influence short-term investment direction. Positive international factors supporting investment sentiment include US initial jobless claims rising to 231,000, the highest since December 2023. The Bank of England maintained its policy rate at 3.75%, while market expectations for a Federal Reserve rate cut in March have increased to 22.7%. Domestic factors include the Thai Consumer Price Index declining for the tenth consecutive month, reflecting low inflationary pressures. Upcoming key events include economic confidence surveys, GDP reports, and industrial confidence indices that investors will be monitoring closely.