Thai Stock Market Likely To Open To The Upside

(RTTNews) - The Thai stock market has moved higher in three straight sessions, collecting more than 35 points or 2.3 percent in that span. The Stock Exchange of Thailand now sits just beneath the 1,600-point plateau and it's expected to tick higher again on Tuesday. The global forecast for the Asian markets is upbeat as easing crude oil prices allayed concerns about inflation and the corresponding outlook for interest rates. The European and U.S. markets were up and the Asian bourses figure to follow that lead. The SET finished modestly higher again on Monday following gains from the finance, industrial, resource and technology sectors. For the day, the index gained 13.88 points or 0.88 percent to finish at 1,598.03 after trading between 1,589.