Vietnam Insight

Expectations for the FED to maintain interest rates in the upcoming January and March meetings. On Friday, the Dow and Nasdaq Composite both declined by 1.63%, while the S&P 500 dropped 1.54%. These losses followed a robust jobs report, which dampened expectations for further interest rate cuts by the Federal Reserve this year. Markets are currently forecasting that the central bank will hold rates steady during its upcoming meetings in January and March. On the economic front, attention will turn to Tuesday’s producer inflation figures and Wednesday’s consumer inflation data, along with key remarks from Federal Reserve officials. 

Industries across market decreased sharply. VNINDEX closed at 1,230.48 (-15.29 points, -1.23%) with liquidity at the 20-session average. Foreign investors net sold VND223 billion. The time before Lunar New Year and the information gap before Q4/2024 business results are the main reasons explaining the decline in liquidity in recent sessions.

Trading Strategy: Investors can maintain observation in this area and consider reducing positions in stocks that violate technical signals. Short trading strategies are still prioritized and need to consider the two support and resistance levels of 1,200 and 1,300.

Analyst meeting on January 10th- MBB