Global stocks rebounded after US CPI data. The Dow Jones closed 336 points or 1% higher on Tuesday, while the S&P 500 and Nasdaq 100 rallied 1.6% and 2.1%, respectively, as February inflation cooled and the fears of a broader financial crisis eased. Investors have been speculating that the Fed will soon be able to pause its tightening cycle as fears mount for the health of the broader financial system after the failure of SVB and the closure of Signature Bank.
Domestic stocks dropped again, trading cautiously. The State Bank of Vietnam (SBV) adjusts the operating interest rate. Accordingly, the refinancing interest rate remained unchanged at 6%/year, the rediscount interest rate decreased from 4.5%/year to 3.5%/year; interest rates for overnight loans in interbank electronic payments and loans to cover capital shortfalls in clearing payments of the SBV for credit institutions decreased from 7.0%/year to 6.0%/year.
- Domestic and international news
- The State Bank of Vietnam (SBV) adjusts the operating interest rate
- Follow the SVB event stream, the Fed's monetary tightening campaign was shaken
- Technical view and recommendations #VCG
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