Vietnam Insight

The Dow rose 0.25%, the S&P 500 gained 0.74% and the Nasdaq Composite rallied 1.15%. US stocks surged on Wednesday after both headline and core inflation fell more than expected in June, reinforcing the view the Federal Reserve may stop the tightening campaign sooner than expected. Specifically, the CPI inflation rate for June decreased to 3.0%, below the expected rate of 3.1%. The core CPI inflation rate decreased to 4.8%, below the expected rate of 5.0%. This is the first time the core CPI has been below 5.0% since December 2021.

VNINDEX closed higher at 1,154 (+0.21%), with decreased liquidity and a trading value of 16.668 trillion. The market was led VHM, VCB, and VIC, while HPG experienced a decrease as investors continued to take profits from this stock. 

• World market: US stocks surged ahead of lower-than-expected CPI data. 
• Vietnam market: The domestic market is experiencing a volatile and uncertain movement.
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