Morning call - Adjustment at the resistance zone
13/11/2023

Summary

Last week, the Dow rose 0.65%, the S&P 500 gained 1.31% and the Nasdaq Composite jumped 2.37%. Those moves came despite hawkish remarks from Federal Reserve officials, with Fed Chair Jerome Powell saying the central bank is prepared to raise rates further if necessary. On the data front, the University of Michigan consumer sentiment index fell to six months low and came in significantly below forecasts. Moody’s has lowered its outlook on the United States credit rating to “negative” from “stable” while affirming the rating at Aaa, the highest investment-grade notch, on November 10th. 

 

VNINDEX index closed at 1101.6 (-12 points, -1.1%) with 148 green codes and 417 red codes. Liquidity is high compared to the 20-session average. Among the stock groups that caused the market to fall sharply: VCB BID and VPB, on the contrary. Foreign investors and proprietary trading are relatively strong net sellers

 

  • World stocks: Mixed movements before Moody's rating news
  • Vietnamese stocks: Correcting at the resistance zone
  • Business news: #NHH, #CTR, #NVL, #MPC, #PTB, #DHM
  • Highlights: Moody's lowered the outlook for US debt credit rating
  • Technical perspective and updated recommendations
  • Event calendar
Category
Daily
Author
Hoang Nam
Details

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