Asia Plus: Oil drops 3.9%, MPC likely to hold rate at 1%

Thansettakij•Economy•12h ago

Reader Briefing

Asia Plus analyzes global market trends following oil price drops and forecasts a Thai policy rate hold at 1%.

•Brent crude oil prices fell 3.9% to 88.6 dollars per barrel after Iran and Oman negotiated a temporary shipping route in the Strait of Hormuz.
•Asia Plus expects the Monetary Policy Committee (MPC) to maintain the policy interest rate at 1.00% on August 26, 2026.
•Investors are monitoring Kevin Warsh's first speech at the Jackson Hole meeting on August 28, 2026, and NVIDIA's second quarter results.
•Thailand Focus 2026 will be held from August 26-28, with Asia Plus warning of potential selling pressure after the event.

•Iran and Oman held negotiations to establish a temporary joint shipping route in the Strait of Hormuz.
•Brent crude oil prices dropped 3.9% to 88.6 dollars per barrel, reducing inflation pressure and benefiting airlines, power plants, and tourism stocks.
•Kevin Warsh, the new Federal Reserve Chairperson, is scheduled to deliver his first speech at Jackson Hole on August 28, 2026.
•Consensus estimates for NVIDIA's second quarter revenue are 92.3 billion dollars, an increase of 97% year-on-year.
•Asia Plus suggests a Selective Buy strategy, recommending E1VFVN3001, BE03, GOLD19, DISNEY19, BBL, CPF, and BDMS.
•The Monetary Policy Committee (MPC) is expected to decide on the policy rate on the afternoon of August 26, 2026.
•Asia Plus warns of potential profit-taking in the Thai stock market during September and after the Thailand Focus 2026 event.

Full article content is available on the original source.

Asia Plus Securities(บล.เอเซีย พลัส)

A securities firm providing market analysis and investment recommendations.

A technology company scheduled to announce its second quarter financial results.

Monetary Policy Committee(กนง.)

The committee expected to maintain the policy interest rate at 1.00% on August 26, 2026.

Federal Reserve(ธนาคารกลางสหรัฐฯ)ℹ️

The central bank of the United States.

Bloom Energyℹ️

A company developing on-site power generators using natural or biogas.

BBL

A Thai company with strong fundamentals and dividends recommended by Asia Plus.

CPF

A Thai company with strong fundamentals and dividends recommended by Asia Plus.

A Thai company with strong fundamentals and dividends recommended by Asia Plus.

Iran(อิหร่าน)ℹ️

A country that entered negotiations with Oman regarding shipping routes in the Strait of Hormuz.

Oman(โอมาน)ℹ️

A country that entered negotiations with Iran regarding shipping routes in the Strait of Hormuz.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

The location where Iran and Oman are negotiating a temporary joint shipping route.

United States(สหรัฐฯ)ℹ️

The country that sent a special envoy to support negotiations in the Middle East.

Kevin Warshℹ️

The new Chairperson of the Federal Reserve (Fed).

FTSE Russell Emerging Market

An index that will include certain calculations on September 21.