Rising geopolitical tensions and the hawkish stance of the US Federal Reserve (Fed) remain major concerns for investors over the next three months, said the Federation of Thai Capital Market Organizations (Fetco).
The Investor Confidence Index (ICI), which predicts market conditions over the next three months, stood at 103.92 in July, up 60.9% from the previous month, hovering back to the neutral zone.
Kobsak Pootrakool, chairman of Fetco, said tourism recovery is the key driver boosting confidence, followed by the Fed's monetary policy and local economic recovery.
