Morning brief 02/08/2024
GLOBAL MARKET
DJIA
40,347.97
1D -1.21%
YTD 6.98%
S&P500
5,446.68
1D -1.37%
YTD 14.84%
NASDAQ
17,194.15
1D -2.30%
YTD 16.44%
VIX
18.59
1D 13.63%
FTSE 100
8,283.36
1D -1.01%
YTD 7.28%
DAX
18,083.05
1D -2.30%
YTD 7.83%
CAC40
7,370.45
1D -2.14%
YTD -2.13%
Brent oil ($/barrel)
79.69
1D -0.70%
YTD 3.46%
Gold ($/ounce)
2,443.44
1D 0.99%
YTD 17.66%
US stocks sold off on August 1 as a series of new data pointed to the risk of a US recession and that the Fed may have acted too slowly. Specifically, the number of new unemployment claims increased the most since August 2023. PMI in July was only 46.8, worse than expected and a signal that the economy is in recession. As a result, the yield on the 10-year US Treasury bond fell below 4% for the first time since February 2024.
VIETNAM ECONOMY
Vnibor
4.62%
1D (bps) 15
YTD (bps) 102
Deposit interest 12M
4.60%
YTD (bps) -20
5 year-Gov. Bond
2.29%
1D (bps) -6
YTD (bps) 41
10 year-Gov. Bond
2.73%
1D (bps) 3
YTD (bps) 55
USD/VND
2539500.00%
1D (%) -0.11%
YTD (%) 3.61%
EUR/VND
2797700.00%
1D (%) -0.42%
YTD (%) 2.20%
CNY/VND
355200.00%
1D (%) -0.36%
YTD (%) 2.19%
Crude oil prices fell about 2% in August 1 session as global supply appeared to be unaffected by concerns about the broader crisis in the Middle East, while investors once again focused more on concerns about demand.
VIETNAM STOCK MARKET
VN-INDEX
1,226.96
1D -1.96%
YTD 8.42%
HNX
229.23
1D -2.60%
YTD -0.33%
VN30
1,272.00
1D -2.09%
YTD 12.40%
UPCOM
93.52
1D -1.63%
YTD 6.78%
Net Foreign buy (B)
119.69
Total trading value (B)
24,213.83
1D 24.70%
YTD 28.14%
On August 1, proprietary traders net bought VND1,148 billion, mainly including TCB VND109 billion, FPT VND86 billion.
INTRADAY
VN30 (12M)
SELECTED NEWS
- Ho Chi Minh City has not applied the adjusted land price list since August 1;
- PMI in July reached over 54 points, Vietnam's manufacturing industry continued to grow strongly;
- More than 1,700 plots of land in Dat Xanh's Gem Sky World project are allowed to be transferred;
- Lowering interest rates in September, Fed will risk upsetting the both US parties;
- China is afraid of being implicated, Russian economy immediately 'takes a hit';
- The recovery trend could push the Japanese yen exchange rate to 140 yen/USD.
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Ex-right date Sat, 11/23/24
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