Morning Call - The market continued to go up, oil prices broke out. Manufacturing PMI tends to decrease again


Global stock indexes in the past week had impressive gains. In the US, the S&P 500 index jumped 3.5% with banking stocks having recovered after the SVB event. In addition, the administration of US President Joe Biden has introduced a new proposal to strengthen the supervision of banks with assets between $100 billion and $250 billion. Closing Q1/2023 The S&P 500 and Nasdaq Composite jumped 7.03% and 16.77% respectively in the first quarter of 2023. It was also the Nasdaq Composite's best quarter since 2020. Dow Jones closes the first quarter of 2023 with a gain of 0.38%.

The VNIndex rose slightly in Friday's session with trading volume at 20 days higher than average. The index successfully surpassed the resistance level of 1,060. However, the index only had a small gain, showing that investors' sentiment was still hesitant. The upcoming situation may be more positive as the index has surpassed the important resistance level. RSI and MACD are showing positive signals.

  • Domestic and international news
  • Domestic stocks increased slightly, breaking important resistance level
  • Technical view and recommendations 


Tien Le

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