Morning Brief 04/04/2024
GLOBAL MARKET
39,127.14
1D -0.11%
YTD 3.74%
5,211.49
1D 0.11%
YTD 9.88%
16,277.46
1D 0.23%
YTD 10.24%
14.33
1D -1.92%
7,937.44
1D 0.03%
YTD 2.80%
18,367.72
1D 0.46%
YTD 9.53%
8,153.23
1D 0.29%
YTD 8.26%
89.61
1D 0.64%
YTD 13.66%
2,301.73
1D 1.03%
YTD 10.83%
The S&P 500 and Nasdaq closed higher on Wednesday after data showing the U.S. services industry growth slowed further in March, but the advance was limited after Federal Reserve Chair Jerome Powell indicated a cut in interest was still not in sight. Powell reaffirmed in a speech on Wednesday that the Fed will stick to its wait-and-see approach as it considers when to start cutting rates given the continued strength of the U.S. economy and recent higher-than-expected inflation data.
VIETNAM ECONOMY
4.42%
1D (bps) 97
YTD (bps) 82
4.70%
YTD (bps) -10
2.28%
1D (bps) 20
YTD (bps) 40
2.64%
1D (bps) -8
YTD (bps) 46
25,185
1D (%) 0.30%
YTD (%) 2.75%
27,943
1D (%) 0.95%
YTD (%) 2.07%
3,527
1D (%) 0.28%
YTD (%) 1.47%
A Reuters poll showed a strong U.S. dollar will maintain the status quo in the near term, as markets brace for the possibility the Federal Reserve's first interest rate cut gets delayed to the second half of this year. Gold hit a record high on Wednesday, after Chair Jerome Powell reiterated that recent readings on job gains and higher than expected inflation do not materially change the overall picture of economic policy this year.
VIETNAM STOCK MARKET
1,271.47
1D -1.21%
YTD 12.35%
243.96
1D -0.79%
YTD 6.07%
1,274.27
1D -1.40%
YTD 12.60%
91.15
1D -0.27%
YTD 4.08%
-1,270.31
31,041.34
1D 0.14%
YTD 64.27%
On the April 3 session, proprietary traders net sold VND1,154 billion, mainly including MBB VND120 billion, FPT VND103 billion, MSN VND86 billion.
INTRADAY
VN30 (12M)
SELECTED NEWS
- The State Bank said it will intervene if the exchange rate is too hot;
- The State Bank injected more than VND2,500 billion and withdrew VND300 billion in yesterday's session;
- The Ministry of Transport will start construction on 4 projects in the second quarter of 2024;
- BofA sees Yen plunging to 160 per dollar if Fed delays cuts;
- Dow Jones fell for three consecutive sessions, VinFast shares hit bottom;
- China could become the world's largest economy by 2035.
EVENT CALENDAR
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