Morning brief 03/12/2025
GLOBAL MARKET
DJIA
47,474.46
1D 0.39%
YTD 11.59%
S&P500
6,829.37
1D 0.25%
YTD 16.11%
NASDAQ
23,413.67
1D 0.59%
YTD 21.25%
VIX
16.59
1D -3.77%
FTSE 100
9,701.80
1D -0.01%
YTD 18.71%
DAX
23,710.86
1D 0.51%
YTD 19.10%
CAC40
8,074.61
1D -0.28%
YTD 9.40%
Brent oil ($/barrel)
62.45
1D -0.87%
YTD -16.79%
Gold ($/ounce)
4,215.18
1D 0.75%
YTD 59.97%
Wall Street rallied across the board on the night of December 2, supported by a rebound in Bitcoin and technology stocks. BTC rose about 7% after having fallen sharply to around 83,000 USD, which boosted sentiment for tech stocks related to artificial intelligence. Nvidia shares gained nearly 1%, while Credo Technology jumped 10% to an all-time high thanks to better-than-expected earnings results.
VIETNAM ECONOMY
Vnibor
7.22%
1D (bps) 5
YTD (bps) 325
Deposit interest 12M
4.60%
5 year-Gov. Bond
3.33%
1D (bps) -7
YTD (bps) 85
10 year-Gov. Bond
3.83%
1D (bps) 6
YTD (bps) 98
USD/VND
26,410
1D (%) -0.01%
YTD (%) 3.36%
EUR/VND
31,397
1D (%) 0.06%
YTD (%) 15.15%
CNY/VND
3,789
1D (%) 0.08%
YTD (%) 6.39%
Global gold prices experienced significant volatility last night, at one point dropping 1.5% from the session high. This may have been profit-taking by investors as gold reached a six-week high, though the market’s main focus remains the expectation of interest rate cuts, which has stayed relatively stable. The probability currently forecast for a 0.25% rate cut by the Fed at next week’s meeting stands at 87%.
VIETNAM STOCK MARKET
VN-INDEX
1,717.06
1D 0.90%
YTD 35.55%
HNX
258.87
1D 0.37%
YTD 13.82%
VN30
1,950.12
1D 0.86%
YTD 45.02%
UPCOM
119.70
1D -77.68%
YTD 25.92%
Net Foreign buy (B)
651.86
Total trading value (B)
24,321.90
1D 8.12%
YTD 34.15%
VN-Index rebounded strongly, recovering 26 points as the Banking and Securities sectors were unexpectedly pushed higher. On December 2, proprietary trading desks of securities firms recorded a net sell of VND 99 billion, mainly including HPG (VND 58 billion), E1VFVN30 (VND 31 billion), and STB (VND 29 billion).
INTRADAY
VN30 (12M)
SELECTED NEWS
- Personal income tax: The Government wants to maintain the highest tax bracket at 35%;
- 90% of household businesses will be exempt from paying taxes when the taxable threshold is raised to VND 500 million;
- Politburo: By 2030, Vietnam aims to have agricultural enterprises leading the region and the world;
- Mr. Trump reveals he has selected his nominee for Fed Chair, emphasizing that lowering interest rates is a priority;
- A Russian cargo ship was attacked in the Black Sea, prompting a “heated” response from Turkey;
- The U.S. reduces tariffs on South Korea to 15%.
EVENT CALENDAR
M
T
W
T
F
S
S
01
02
03
04
05
06
07
Ex-right date Fri, 12/05/25
No event for this day
No event for this day
No event for this day
No event for this day
No event for this day
No event for this day
No event for this day
Pinetree Securities Corporation
-
Zalo OA: Chứng khoán Pinetree
-
Fanpage: Chứng khoán Pinetree
-
Youtube channel: Pinetree Securities
The posts are using photos and images from freepik and other free image stock websites.
