Periodic Reports | Morning Call 08/12/2022 - Selling pressure still prevailed, the index could not recover immediately, The Bank of Canada has announced an increase in interest rates by 50 basis points

Morning Call 08/12/2022 - Selling pressure still prevailed, the index could not recover immediately, The Bank of Canada has announced an increase in interest rates by 50 basis points

08/12/2022

Summary

Global stocks continue to fall. The Bank of Canada raised the target for its overnight rate by 50bps to 4.25% in its last meeting of 2022, in line with market expectations, and pushing borrowing costs to the highest since 2008.

Domestic stocks trading struggled. At the Government Standing Meeting, Prime Minister Pham Minh Chinh assigned Deputy Prime Minister Le Minh Khai to direct the research and development of a decree amending decrees related to the stock, bond and real estate markets

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