Morning call - Negative reaction to U.S. inflation news


In regular trading on Wednesday, the Dow fell 0.2%, while the S&P 500 and Nasdaq Composite rose 0.12% and 0.29%, respectively. Those moves came as investors assessed the August consumer price index report that came in hotter-than-expected, but had no significant impact on the outlook for Federal Reserve monetary policy. Traders now see a 97% chance that the Fed would hold rates steady at next week’s meeting, while bets for a rate hike in November have eased. The annual inflation rate in the US accelerated for a second straight month to 3.7% in August from 3.2% in July, above market forecasts of 3.6%

VNINDEX closed at 1,238 points, down 7 points or 0.57%, with a trading value exceeding 26 trillion VND, higher than the 20-day average. The stocks in the VIN group (VIC, VHM, VRE) were the major contributors to the market's decline, while GAS and MWG acted as market supports. Foreign investors sold off over 1 trillion VND in net positions, while proprietary traders made slight net purchases.

  • World stocks: Negative reaction to U.S. inflation news.
  • Vietnam stocks: Struggle at the resistance zone.
  • Business news: #HPX, #MWG, #PLX, #NVL, #BSR, #NAB
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Hoang Nam

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