Morning Call - The market lacked a catalyst and turned its attention to the earnings season, the number of Covid cases still increasing
20/04/2023

Summary

World stocks fell again. The People's Bank of China (PBoC) left its key lending rates steady for the eighth straight month at April fixing, as the economic recovery has been well on track. Steel rebar futures steadied at the CNY 3,900 per tonne mark in April, remaining at their lowest year-to-date amid persistent concerns over poor demand.

Domestic stocks continued to lose momentum, selling pressure prevailed.

The number of Covid-19 infections continues to rise, surpassing 2,000 cases. The COVID-19 prevention bulletin on April 19 of the Ministry of Health said that our country recorded 2,162 Covid-19 cases (an increase of about 1.5 times compared to the previous day), of which there were 2,159 domestic cases and 3 cases. entry. This is also the day with the highest number of cases in more than half a year. In addition, there are currently 111 patients receiving oxygen

 

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Category
Daily
Author
SSV
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