Global stock market maintained their upward momentum, but trading struggled. Fourth-quarter earnings season kicked off last week with a bunch of big banks reporting mixed results, with JPMorgan Chase, Bank of America, and Citigroup surprising investors on the upside but warning that they are setting aside more money for a recession. Investors also remain cautious ahead of the Bank of Japan’s policy meeting on Wednesday as the market continues to pressure the central bank to tweak its yield control policy again.
Domestic stocks gained slightly, liquidity remained low. According to EuroCham, 41% of European businesses want to move operations from China to Vietnam. Nghi Son Refinery has fixed the problem, operating at 100% capacity.
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