Global stocks lost momentum, downward pressure returned. The Riksbank (Sweden) raised its repo rate by 50 bps to 3.0 percent during its February meeting, bringing borrowing costs to the highest level since December 2008, as inflation was far too high and had continued to rise despite the aggressive policy tightening. China's annual inflation rate rose to 2.1% in January 2023 from 1.8% in the prior month. This was the highest reading in three months, as prices of food jumped and those of non-food increased further on the back of the Lunar New Year celebration and the removal of pandemic measures.
Domestic stocks continued to retreat, without a leading group. China opens railways to Thailand and Laos, exporting Vietnamese agricultural products will face challenges.
- Domestic and international news
- Inter-market update, USD and US Treasury yields rebounded
- Dividend payment schedule for week 13 - 17/02/2023
- Technical view and recommendations
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