Global stocks remained in green but trading started to struggle. The US economy added 517K jobs in January, the most since July and much above market expectations of 185K. The ISM Services PMI for the US unexpectedly jumped to 55.2 in January of 2023, rebounding sharply from over a 2-1/2 year low of 49.2 in December. Strong US jobs data stoked fears of higher interest rates, complicating the Federal Reserve's quest to slow down the pace of tightening.
Domestic stocks balance at short-term support. Many major central banks have continued to raise interest rates after the Fed's rate hike at the February meeting.
- Domestic and international news
- The wave continues to raise interest rates from Central Banks
- Technical view and recommendations #VNM
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