Morning Call - Lack of new demand along with divergence, the market dropped to a lower level


Global stocks regain the green color. Mr. Jerome Powell, the head of the US central bank reiterated that the disinflationary process has begun, particularly in the goods sector, while saying that the Fed has the tools to bring down inflation to its 2% target. At the same time, when asked about the strong January jobs report, Powell's comments did not suggest that it would change the central bank's approach to future rate increases. However, he warned that if robust labor data persists, the terminal level of the Fed funds may be higher.

Domestic stocks reversed and dropped to support. According to statistics, the number of new cars sold in Vietnam in 2022 reached a record of 508,547 vehicles. The number of more than 500,000 vehicles in 2022 is an important factor to promote supporting industries and investment in automobile production lines in Vietnam.


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