RECAP: Global markets remained fixated this week on inflation, interest rates and energy prices. There was added drama in Britain, where the passing of Queen Elizabeth II came just two days after Prime Minister Liz Truss took office and announced a bold plan to cap soaring energy prices for two years.
In Thailand, the stock market remained volatile as investors reacted to a big European Central Bank (ECB) interest rate increase, while the odds of another 75-basis-point hike by the Fed on Sept 21 grew to 87%. Next week, investors will want to monitor US August inflation which will be released on Tuesday.
On the domestic front, the Constitutional Court called for more information from the drafters of the 2017 charter as the justices consider whether Gen Prayut Chan-o-cha's eight-year term as premier is over. It will convene again on Wednesday, but Finansia Syrus Securities believe a ruling won't come until late September.
