US Market Rises Amid Soft Tariff News; ThaiBev Reports Q1 Results

The US stock market rose on Monday, buoyed by President Trump's announcement of a one-month pause on tariffs for Mexico and Canada. The S&P 500 climbed 0.7%, while the Dow Jones Industrial Average added 0.4%, and the Nasdaq composite rallied 1%. Nvidia and other Big Tech stocks led the way, with gains of 2.9% and 4.5%, respectively. Meanwhile, Incyte dropped 7.9% after reporting weaker-than-expected quarterly profits. In the bond market, the yield on the 10-year Treasury held steady at 4.50%, while the yield on the two-year Treasury fell to 4.27%.



Thai Beverage Public Company Limited (ThaiBev) reported its first-quarter results, with net profit rising 11.5% year-on-year to THB 11.2 billion (USD 335.5 million). Revenue increased by 10.4% to THB 44.5 billion (USD 1.3 billion), driven by strong performances in spirits and beer segments. The company's shares rose 1.2% on the Stock Exchange of Thailand.



In other news, the US dollar rallied 1% against the Canadian dollar and 2% against the Mexican peso following Trump's announcement. Asian and European equity futures also fell, with S&P 500 futures down 0.3%. Market participants reacted to the news, with some expressing concern about the potential impact on global trade and economic growth. However, others noted that the magnitude of the tariffs was not as significant as previously feared, and that investors might still want to see follow-up actions before making any major decisions.

As the market continues to digest the latest developments, investors should keep an eye on the potential impact of tariffs on various sectors and companies. While the pause on Mexican and Canadian tariffs has provided some relief, the long-term implications of the trade war remain uncertain. Investors should remain vigilant and consider diversifying their portfolios to mitigate risks associated with geopolitical tensions and trade policies.

In conclusion, the US market rose on Monday amid soft tariff news, with ThaiBev reporting strong Q1 results. As the market navigates the complex landscape of geopolitical tensions and trade policies, investors should stay informed and adapt their strategies accordingly to capitalize on opportunities and manage risks.