Morning Brief 02/06/2023
GLOBAL MARKET
DJIA
33,061.57
1D 0.47%
YTD -0.26%
S&P500
4,221.02
1D 0.99%
YTD 9.94%
NASDAQ
13,100.98
1D 1.28%
YTD 25.17%
VIX
15.65
1D -12.76%
FTSE 100
7,490.27
1D 0.59%
YTD 0.52%
DAX
15,853.66
1D 1.21%
YTD 13.86%
CAC40
7,137.43
1D 0.55%
YTD 10.25%
Brent oil ($/barrel)
74.41
1D 2.63%
YTD -13.39%
Gold ($/ounce)
1,992.75
1D 0.45%
YTD 9.12%
The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates. Leading the S&P 500 higher was a 5.1% gain in Nvidia Corp NVDA.O. Meta Platforms IncMETA.O rose 2.98%, helping boost the Nasdaq after unveiling its next-generation mixed reality headset. Goldman Sachs Group IncGS.N slid 2.3% after the lender revealed plans of more workforce reductions as the difficult economic environment weighs on dealmaking.
VIETNAM ECONOMY
Vnibor
3.98%
YTD (bps) -99
Deposit interest 12M
7.20%
YTD (bps) -20
5 year-Gov. Bond
2.84%
1D (bps) 3
YTD (bps) -195
10 year-Gov. Bond
3.09%
1D (bps) 4
YTD (bps) -181
USD/VND
23,640
1D (%) -0.08%
YTD (%) -0.51%
EUR/VND
25,984
1D (%) 0.53%
YTD (%) 1.27%
CNY/VND
3,377
1D (%) 0.12%
YTD (%) -3.10%
The dollar was on track for its worst daily loss in nearly a month on Thursday comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting. The euro recovered from a two-month low after European Central Bank (ECB) President Christine Lagarde said further policy tightening was necessary.
VIETNAM STOCK MARKET
VN-INDEX
1,078.39
1D 0.30%
YTD 7.08%
VN30
1,068.09
1D 0.17%
YTD 6.26%
HNX
223.97
1D 0.52%
YTD 9.09%
UPCOM
83.51
1D 1.78%
YTD 16.55%
Net Foreign buy (B)
-98.53
Total trading value (B)
16,559.38
1D -12.93%
YTD 92.19%
Session 1/6, proprietary traders net sold a value of more than VND81 billion. In which, VGC was sold the most with VND81.3 billion, followed by FPT (VND33.9 billion). In contrast, GEX was bought the most with VND25.2 billion, followed by EIB (VND23.4 billion).
INTRADAY
VN30 (12M)
SELECTED NEWS
- The Minister of Industry and Trade explains the problem of importing electricity when there is an "excess" of renewable energy;
- Proposing to extend the 2% VAT reduction until the end of 2024;
- It is expected to disburse more than VND5,200 billion for the North - South Expressway in June;
- IEA: Renewable electricity production will increase to a record in 2023;
- WSJ: Fed may pause rate hikes in June, but will continue in the future;
- India imported a record high amount of oil from Russia in May.
EVENT CALENDAR
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Ex-right date Mon, 11/25/24
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