Morning Brief 07/06/2024
GLOBAL MARKET
38,886.17
1D 0.20%
YTD 3.11%
5,352.96
1D -0.02%
YTD 12.86%
17,173.12
1D -0.09%
YTD 16.30%
12.58
1D -0.40%
8,285.34
1D 0.47%
YTD 7.30%
18,652.67
1D 0.41%
YTD 11.23%
8,040.12
1D 0.42%
YTD 6.76%
79.99
1D 1.60%
YTD 3.85%
2,372.38
1D 0.23%
YTD 14.23%
All three main US stock indexes were almost flat as the market was still waiting for May jobs report to be released on June 7. Wall Street is looking for signs of a weakening labor market, supporting the prospect of interest rate cuts from the FED. European Central Bank (ECB) officially lowered interest rates from a record level of 4% to 3.75% as predicted by investors.
VIETNAM ECONOMY
4.08%
1D (bps) 8
YTD (bps) 48
4.60%
YTD (bps) -20
2.43%
1D (bps) -3
YTD (bps) 55
2.76%
1D (bps) -7
YTD (bps) 58
25,453
1D (%) 0.00%
YTD (%) 3.85%
28,511
1D (%) 0.00%
YTD (%) 4.15%
3,579
1D (%) 0.03%
YTD (%) 2.96%
Brent oil prices increased 2% on June 6 after the ECB reduced interest rates and the market hopes that FED will follow suit. Similarly, global gold prices increased to a 2-week high. Meanwhile, domestic SJC gold price continuously dropped sharply after state-owned commercial banks opened direct gold sales to citizens.
VIETNAM STOCK MARKET
1,283.56
1D -0.06%
YTD 13.42%
244.18
1D -0.13%
YTD 6.17%
1,302.28
1D 0.20%
YTD 15.08%
98.32
1D 0.88%
YTD 12.26%
-803.56
24,977.71
1D -9.80%
YTD 32.18%
On June 6th session, proprietary traders net sold VND6.5 billion, mainly including FPT VND44.5 billion, FUEVFVND VND37 billion.
INTRADAY
VN30 (12M)
SELECTED NEWS
- Pepper prices may maintain increasing momentum in the near future;
- Real estate market: Cash flow "back to the North";
- Decree on tax extension and reduction of car registration fees will be issued in June;
- ECB cut interest rates for the first time since 2019;
- Many central banks planed to increase their USD reserves;
- Russia's economy is growing too hot.
EVENT CALENDAR
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