Morning Brief 07/06/2024 - Pinetree Securities
Morning Brief 07/06/2024
Morning brief June 7, 2024

Morning Brief 07/06/2024

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Morning Brief 07/06/2024

GLOBAL MARKET

DJIA

38,886.17

1D 0.20%

YTD 3.11%

S&P500

5,352.96

1D -0.02%

YTD 12.86%

NASDAQ

17,173.12

1D -0.09%

YTD 16.30%

VIX

12.58

1D -0.40%

FTSE 100

8,285.34

1D 0.47%

YTD 7.30%

DAX

18,652.67

1D 0.41%

YTD 11.23%

CAC40

8,040.12

1D 0.42%

YTD 6.76%

Brent oil ($/barrel)

79.99

1D 1.60%

YTD 3.85%

Gold ($/ounce)

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

Vnibor

4.08%

1D (bps) 8

YTD (bps) 48

Deposit interest 12M

4.60%

YTD (bps) -20

5 year-Gov. Bond

2.43%

1D (bps) -3

YTD (bps) 55

10 year-Gov. Bond

2.76%

1D (bps) -7

YTD (bps) 58

USD/VND

25,453

1D (%) 0.00%

YTD (%) 3.85%

EUR/VND

28,511

1D (%) 0.00%

YTD (%) 4.15%

CNY/VND

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

VN-INDEX

1,283.56

1D -0.06%

YTD 13.42%

HNX

244.18

1D -0.13%

YTD 6.17%

VN30

1,302.28

1D 0.20%

YTD 15.08%

UPCOM

98.32

1D 0.88%

YTD 12.26%

Net Foreign buy (B)

-803.56

Total trading value (B)

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)

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Ex-right date Thu, 07/25/24

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