Morning Brief 3/11/2022
GLOBAL MARKET
32,147.76
1D -1.55%
YTD -11.68%
3,759.69
1D -2.50%
YTD -21.32%
10,524.80
1D -3.36%
YTD -33.14%
25.86
1D 0.19%
7,144.14
1D -0.58%
YTD -3.50%
13,256.74
1D -0.61%
YTD -16.54%
6,276.88
1D -0.81%
YTD -12.50%
95.61
1D 0.28%
YTD 24.98%
1,641.55
1D -0.64%
YTD -9.84%
Federal Reserve Chair Jerome Powell left little doubt that he’s prepared to push rates as high as needed to stamp out inflation. Addressing reporters Wednesday after the Fed raised rates by 75 bsp for the fourth time in a row, Powell said “incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected.” This statement caused the DJIA to drop more than 500 points by the end of the session.
VIETNAM ECONOMY
6.70%
1D (bps) 58
YTD (bps) 589
7.40%
YTD (bps) 180
4.82%
1D (bps) -3
YTD (bps) 381
4.87%
1D (bps) -3
YTD (bps) 287
24,872
1D (%) 0.00%
YTD (%) 8.42%
25,130
1D (%) -0.72%
YTD (%) -5.06%
3,476
1D (%) -0.29%
YTD (%) -4.98%
At the end of a two-day policy meeting, the US Federal Reserve (Fed) announced that it would continue to raise interest rates by 0.75%. Accordingly, the US central bank's benchmark interest rate is fluctuating at 3.75% - 4%, the highest since January 2008.
VIETNAM STOCK MARKET
1,023.19
1D -1.02%
YTD -31.71%
1,025.18
1D -1.24%
YTD -33.24%
211.66
1D -0.33%
YTD -55.35%
76.01
1D -0.63%
YTD -32.54%
-248.32
11,141.93
1D -5.72%
YTD -64.14%
Session 2/11: Steel stocks had a recovered trading day after a period of strong selling due to record loss results. Conversely, retail and consumer stocks dropped strongly, gathering in a series of leading large-cap stock like MSN (-6.5%), VNM (-2.4%), MWG (-4.19%).
INTRADAY
VN30 (12M)
SELECTED NEWS
- 6 types of merchandie exported over 10 billion USD in 10 months of 2022;
- Petrol price stabilisation fund proposed to be maintained by the Government ;
- Supplementing a number of key projects of the transport sector;
- Fed raised interest rates by 0.75%;
- Goldman Sachs lays out 3 reasons why the Fed won't pivot;
- Russia changes course, rejoins Ukraine grain export deal;
EVENT CALENDAR
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