June 5, 2012 / 3:02 AM / 5 years ago

Thailand - Market factors to watch - June 5

 BANGKOK, June 5 (Reuters) - Thai stocks may rise on Tuesday,
with a strong oil market lending support to energy shares and on
hopes that European policymakers and the wider G7 will take
decisive action to address the worsening euro zone crisis
bolstered sentiment in Asia.	
 On Friday, the benchmark SET index dropped 2.3
percent to 1,115.19 as worries about the deepening euro zone
debt crisis and China's slowing economy prompted selling ahead
of a three-day weekend.	
 Resistance for the main index was seen at 1,130, with
support at 1,100, brokers said.	
 "The market may do well on the back of positive regional
markets but it could also be a little bit weak later. I expect
some selling too because we missed losses in the region on
Monday," said Therdsak Taveeteeratham, senior analyst at broker
Asia Plus Securities.	
 At 0244 GMT, the MSCI's broadest index of Asia-Pacific
shares outside Japan rose 1.2 percent, after
tumbling 2 percent during Monday's sell-off which had been
sparked by last week's weak U.S. jobs data.	
 Click for cumulative trading value by
investor type.	
 MARKET SUMMARY                                       	
> S&P 500 ends flat but Europe, U.S. data still drag        	
> Oil up on hopes action near on economic growth           	
> Euro extends rebound as bears trim bets ahead of G7 call 	
> Bonds dip as historic low yields prompt profit-taking    	
> Gold ticks up before emergency G7 talks                 	
- For the Thai press digest click on:           	
- For Thailand's stock exchange news click on:    	
- For Thailand corporate earnings:           	
- For Thailand economic forecast:       	
  Pan-Asia......             Japan.......       S.Korea...      
  S.E. Asia.....             Hong Kong...       Taiwan....      
  Australia/NZ..             India.......       China.....      
  Wall Street ..            Gold .......       Currency..       
  Eurostocks...              Oil ........      JP bonds...      
  ADR Report ...            LME metals.        US bonds..       
  Stocks News US               Stocks News Europe               
  IPO diary & data              Asia earnings diary             
  U.S. earnings diary           European diary                  
  Thailand diary                Wall Street Week Ahead          
  Eurostocks Week Ahead          
  * TOP NEWS: 
  For top Asian company news, double click on:               
  U.S. company news             European company news           
  Forex news                    Global Economy news             
  Technology news               Telecoms news                   
  Media news                    Banking news                    
  Politics/General news         Asia Macro data                 
  A multimedia version of Reuters Top News is available at: 
  World Stocks                    Currency rates                
  Dow Jones/NASDAQ                  Nikkei                      
  FTSE 100                          Debt                        
  Thai baht                         LME price overview         
 ($1 = 31.9 baht)	
 (Reporting by Viparat Jantraprap and Kochakorn Boonlai; Editing
by Anand Basu)	

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