Global stocks regained their excitement, green color spread. Fed officials continue to give mixed views on the upcoming interest rate path. Even so, market sentiment was boosted when Atlanta Fed President Raphael Bostic said he thought the central bank could keep the rate hikes by 25 basis points instead of raising 50 basis points as other officials support. In addition, China's February manufacturing PMI recovered impressively to 52.6 points from January's 50.1 and surpassed the forecast of 50.5 points. China's economic recovery plays an important role as the country is a major trading partner of many countries in the region and the world.
Vietnam stocks continued to struggle, cautious sentiment dominated the trade, making it difficult for the index to move up and had to retreat to red. The bright spot in the economy is that Vietnam's manufacturing PMI in February 2023 has returned to above 50 points, evoking expectations of a recovery of the manufacturing sector from the state of decline in orders at the end of last year. However, the unknowns about money flow in the bond market still make investors worried.
- Capital Flow & Trading activity
- The top market liquidity
- Other Macro data
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