THAILAND: Paetongtarn Says She Hopes To Resume Duties After Const Court Verdict
Aug-27 10:00
Suspended Prime Minister Paetongtarn Shinawatra told the Cabinet that she expected to resume her duties after the Constitutional Court delivers its verdict in her ethics case this Friday, while her Pheu Thai Party (PTP) MPs were instructed to gather by the Government House to hear the ruling that will define their leader's political future.
- PTP spokesman Danuportn Punnakanta said that if the court prevents Paetongtarn from continuing in Prime Minister's role, the party will propose its only remaining prime ministerial candidate, Chaikasem Nitisiri, to assume the position.
- We summarised pending legal cases against key members of the powerful Shinawatra family in a recent piece, where we provide a briefing on their context and discuss different scenarios.
- Anutin Charnvirakul, leader of the Bhumjaithai Party (BJT), which defected to the opposition a few months ago, denied preparing a bid to become Prime Minister.
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MNI: UK CBI JUL DIST TRADE REPORTED SALES -34
Jul-28 10:00
- MNI: UK CBI JUL DIST TRADE REPORTED SALES -34
- UK CBI JUL DIST TRADE EXPECTED SALES -31
SONIA OPTIONS: Put Ladder Buyer
Jul-28 09:58
SFIX5 96.15/96.10/96.05p ladder, bought for flat in 5k (ref 96.30).
OUTLOOK: Price Signal Summary - Bull Cycle In S&P E-Minis Remains In Play
Jul-28 09:46
- In the equity space, S&P E-Minis have traded to fresh cycle high today. The climb confirms a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on 6477.31, a 1.618 projection of the May 23 - Jun 11 - 23 price swing. Support at the 20-day EMA is at 6302.01.
- The trend condition in EUROSTOXX 50 futures remains bullish and short-term weakness for now, appears corrective. Support at 5281.00, the Jul 1 / 4 low, remains intact. For bulls, a resumption of gains would refocus attention on key resistance and the bull trigger at 5486.00, the May 20 high. It has recently been pierced, a clear breach of it would resume the bull cycle and open 5500.00.
