Morning Call - Gaining points but diverging, profit taking pressure still exists. Mr.Powell said during the testify that the Fed is prepared to raise rates faster


Global stocks fell after the Fed chair's testify. The Dow Jones closed 574 points or 1.7% lower on Tuesday, while the S&P 500 and Nasdaq 100 shed 1.5% and 1.2%, respectively, after Powell's hawkish remarks fueled fears of a larger rate hike. Meanwhile, the yield on the US 2-year Treasury note topped 5%, a level not seen since 2007. The market movement came in tandem with an uptick in Treasury yields and a stronger dollar, enough to spook investors away from tech and other high-growth stocks.

Domestic stocks are green but divergent. Many banks have reduced deposit interest rates, in which the Big 4 state-owned banks also joined. The average export price of rice in the first two months of 2023 was estimated at 528.5 USD/ton, up 9.8% over the same period in 2022.


  • Domestic and international news
  • News of Vietinbank's annual meeting with investors #CTG
  • Update business situation #NT2 #TLG
  • Technical view and recommendations #BSR

Page: 13


File format: pdf

Size: 1.41 MB