Morning call - New equilibrium?
12/09/2024

Summary

In regular trading on Wednesday, the Dow rose 0.31%, the S&P 500 gained 1.07% and the Nasdaq Composite rallied 2.17%. Those moves came as data showed headline prices eased to a three-year low, but core inflation came in higher than expected. This fueled speculation that the Fed will opt for a smaller 25 basis point rate cut at next week's meeting, with traders reducing the likelihood of a 50 bps cut to just 15%. The annual inflation rate in the US slowed for a fifth consecutive month to 2.5% in August 2024, the lowest since February 2021, from 2.9% in July, and below forecasts of 2.6%.

 

 

VNINDEX closed at 1,255.23 (-12.5 points, -0.99%) with liquidity remaining around the 20-session average. The market had 94 green codes and 320 red codes. The group of stocks contributing to the market's increase included VJC TPB MWG while VCB BID SSB contributed to the market's decline. All sectors lost points. Foreign investors net sold more than VND 386 billion.

 

  • World stocks: US stocks rallied on news of easing inflation
  • Vietnamese stocks: New equilibrium?
  • Macro news
  • Business news: #PPC, #TPB, #PC1, #ANV, #VTP, #NRC
  • Technical perspective and updated recommendations  #NLG, #MBS
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

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