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Most Asian shares rise, oil prices up after Saudi output cuts

Most Asian shares rise, oil prices up after Saudi output cuts

SYDNEY: Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed US jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

13:35
Timeline unnerves some sectors

Timeline unnerves some sectors

In a worst-case scenario, Thailand might have to wait until 2024 for a new prime minister.

07:21 51

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.8831
37.5831
GBP
42.9405
43.7639
HKD
4.3815
4.4543
JPY
24.5968
25.2553
USD
34.435
34.761
CNY
4.8239
4.9421
Source: Bank of thailand (5 Jun 2023)

SET

SET
1,531.20
+9.80
SET50
924.89
+7.61
SET100
2,059.48
+15.65
sSET
988.37
+2.47
SETCLMV
870.67
+10.31
SETHD
1,137.45
+10.68
SETTHSI
980.45
+8.24
Source: settrade.com (5 Jun 2023)
LATEST
17:45

Air travel to soar near record in 2023: industry group

ISTANBUL: Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.

17:45
Air travel to soar near record in 2023: industry group
13:35

Most Asian shares rise, oil prices up after Saudi output cuts

SYDNEY: Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed US jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

13:35
Most Asian shares rise, oil prices up after Saudi output cuts
09:22

BAFS sees revenue rising to B7.5bn within 3 years

Bangkok Aviation Fuel Services expects its revenue to reach B7.5bn by 2026, driven by its diversification into new businesses, notably renewable energy development.

09:22 1
BAFS sees revenue rising to B7.5bn within 3 years
07:45

Saudi Arabia slashes output further to boost oil price

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

07:45
Saudi Arabia slashes output further to boost oil price
07:21

Timeline unnerves some sectors

In a worst-case scenario, Thailand might have to wait until 2024 for a new prime minister.

07:21 56
Timeline unnerves some sectors
06:06

Young Thais need better learning experiences

We can’t wait for the educational system to be overhauled, so start looking for creative, low-cost solutions.

06:06 6
Young Thais need better learning experiences
05:37

Interest rates forecast to continue rising

Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.

05:37 5
Interest rates forecast to continue rising
04:44

Using power wisely

Economists muse about what new government policies should emphasise.

04:44 10
Using power wisely
04:30

Lee Kum Kee in talks over Thai expansion

Lee Kum Kee Sauce Group, a manufacturer of Asian sauces and seasoning for 135 years, is in talks with partners in Thailand to enter the country's ready-to-eat food market in a few years.

04:30
Lee Kum Kee in talks over Thai expansion
04:30

Investors cheer end of US debt drama

RECAP: Asian stocks advanced on Friday, buoyed by the passage of an agreement that averts a US debt default. Hopes that the US Federal Reserve will decide against lifting interest rates this month also lifted sentiment.

04:30 1

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.8831
37.5831
GBP
42.9405
43.7639
HKD
4.3815
4.4543
JPY
24.5968
25.2553
USD
34.435
34.761
CNY
4.8239
4.9421
Source: Bank of thailand (5 Jun 2023)

SET

SET
1,531.20
+9.80
SET50
924.89
+7.61
SET100
2,059.48
+15.65
sSET
988.37
+2.47
SETCLMV
870.67
+10.31
SETHD
1,137.45
+10.68
SETTHSI
980.45
+8.24
Source: settrade.com (5 Jun 2023)