RECAP: Asian stocks gained and oil dipped Friday after US President Donald Trump withdrew his threat of further strikes on Iran and said a deal could be signed in the coming days, although Tehran said it had not reached a final conclusion.The SET index moved in a range of 1,558.97 and 1,595.84 points this week, before closing yesterday at 1,592.41, up 0.6% from the previous week, with daily turnover averaging 64.25 billion baht.
Retail investors were net buyers of 13.57 billion baht. Foreign investors were net sellers of 6.03 billion baht, followed by institutional investors at 4.52 billion, and brokerage firms at 3.02 billion.
NEWSMAKERS: US inflation rose in May by the most in three years, at 4.2% year-on-year, boosted by surging energy prices, and giving the Federal Reserve more justification to keep interest rates unchanged into 2027.
The European Central Bank raised its policy rate by 25 basis points as expected to 2.25%, its first rate hike since 2023, aimed at mitigating inflation risks driven by high energy prices. It lowered euro zone growth expectations for this year to 0.8% from 0.9%. Growth is projected at 1.2% in 2027.
The US issued an updated list of Chinese companies that it believes are aiding the country's military -- including the e-commerce giant Alibaba, the search engine provider Baidu and the EV maker BYD.
