SET Volatile on XD of Large Caps and Rising Oil Prices, Awaiting US Inflation and FY2027 Budget Bill
MacroCommodity
The Thai stock market is expected to be volatile next week, following Brent oil prices surging to 96-97 dollars per barrel due to US-Iran tensions, pressuring inflation and bond yields globally. Meanwhile, InnovestX recommends a Selective Buy strategy through four themes: Policy and Domestic Play, Global Macro & Bond Yield Play, Laggard Play, and High Dividend Play. Key factors to watch include Thai inflation for August, expected to accelerate to 2.37% from 1.95%; China's exports for August, expected to continue strong growth from 23.9%; the ECB meeting, expected to raise interest rates by 25 basis points to 2.50%; and US inflation for August, which will be a signal ahead of the FOMC meeting on September 15-16. Also, the consideration of the FY2027 Budget Bill in its second and third readings, and the public hearing on the PDP2026 draft, which supports the clean energy sector.
