Morning brief 02/10/2025
GLOBAL MARKET
46,441.10
1D 0.09%
YTD 9.16%
6,711.20
1D 0.34%
YTD 14.10%
22,755.16
1D 0.42%
YTD 17.84%
16.29
1D 0.06%
9,446.43
1D 1.03%
YTD 15.58%
24,149.45
1D 1.13%
YTD 21.30%
7,966.95
1D 0.90%
YTD 7.94%
65.47
1D -0.80%
YTD -12.76%
3,858.00
1D -0.71%
YTD 46.41%
U.S. stocks continued to rise on October 1, with the S&P 500 setting a new record high, as traders expected that a potential U.S. government shutdown would have only limited impact on the economy. According to the monthly report from employment services firm ADP, private sector jobs in the U.S. unexpectedly fell by 32,000 in September, compared to analysts’ forecast of a 50,000 increase. Due to the government shutdown, the U.S. Department of Labor will not be able to release the September nonfarm payrolls report this Friday.
VIETNAM ECONOMY
4.56%
1D (bps) -38
YTD (bps) 59
4.60%
3.19%
1D (bps) 1
YTD (bps) 71
3.51%
1D (bps) 3
YTD (bps) 67
26,446
1D (%) 0.00%
YTD (%) 3.50%
31,824
1D (%) 0.15%
YTD (%) 16.71%
3,769
1D (%) -0.05%
YTD (%) 5.84%
U.S. dollar continued to trade at its upper limit at commercial banks on October 1, despite the State Bank of Vietnam announcing it would sell foreign currency through cancellable 180-day forward contracts to stabilize the market.
VIETNAM STOCK MARKET
1,665.05
1D 0.20%
YTD 31.44%
273.22
1D 0.02%
YTD 20.13%
1,870.63
1D 0.40%
YTD 39.11%
109.79
1D 0.30%
YTD 15.50%
-1,799.20
23,227.00
1D -34.80%
YTD 28.11%
VN-Index traded mostly in positive territory, supported by the rebound of banking stocks. Proprietary trading desks of securities companies returned to net buying after five straight sessions of selling, with net purchases totaling VND 274 billion. Key buys included VNM (VND 88 billion), VHM (VND 80 billion), HDB (VND 32 billion), and VPB (VND 31 billion).
INTRADAY
VN30 (12M)
SELECTED NEWS
- October 1 session: The State Bank of Vietnam sold more foreign currency to intervene, yet the USD exchange rate remained at its ceiling;
- Prime Minister: As long as citizens still complain, the Government must continue to work hard and deliver effective solutions;
- In the first 8 months of the year, Vietnam spent USD 274.78 million on importing frozen pork;
- Asia is emerging as an alternative investment destination to the U.S., with Japan reaping major benefits;
- Inflation in the Eurozone is rising, making it likely that the ECB will keep interest rates unchanged;
- NATO and the EU are struggling to secure financial support for Kyiv.
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