Morning Call - Falling momentum slows down, market retests short-term support, The European Central Bank and Bank of England continue to raise interest rates
Global stocks remained in green but trading started to struggle. The European Central Bank raised the interest rate on the main refinancing operations by 50 bps to 3.0% during its February meeting, pushing up borrowing costs to the highest level since late 2008. In addition, The Bank of England voted by a majority of 7-2 to raise interest rates by 50 basis points to 4.0 percent.
Domestic stocks balance at short-term support. According to a report from the Ministry of Finance, as of January 31, more than VND 600,000 billion of public investment capital in 2023 has been allocated, which will disburse more than VND 63,000 billion for the North-South expressway.
- Domestic and international news
- Message from the Fed meeting in February 2023
- Update Business Results #DGW #VJC #ACV #VTP #QNS #IDC #VGT
- Technical view and recommendations
Le Tran Khang
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