The USD depreciated compared to other major currencies, after data showed that inflation in the US is cooling, which may cause the Fed to stop raising interest rates. On April 13, data from the US Department of Labor showed that the country’s producer price index (PPI) in March dropped the most in nearly 3 years. A day earlier, the US announced that the consumer price index (CPI) increased by 5% in March compared to the same period last year. This is the 9th consecutive month that this data has cooled.
The Department of Forecasting and Statistics of the State Bank has just announced some results of an investigation into business trends of credit institutions in the second quarter of 2023. Accordingly, organizations expect the average deposit and lending interest rates across the system to decrease slightly by 0.08 – 0.1% in the second quarter of 2023 and decrease slightly by 0.19 – 0.34% throughout the entire system. year 2023…
Last week, world gold prices ended the week with a decrease of nearly 2% because the USD recovered and an official of the US Federal Reserve (Fed) signaled the need for another interest rate hike, closing The weekend trading session was at 2,004 USD/ounce, down 3.6 USD compared to last week. Domestically, gold prices are relatively stable, slightly adjusted to decrease by 50,000 – 100,000 VND/tael. Currently, the buying/selling price of SJC gold bars is at 66.45 – 67.02 million VND/tael.
The stock market continued to have a week of decline. For the whole week, VN-Index decreased by 16.82 points (1.57%) points, to 1,052.89 points. Open-ended stock funds still maintain performance compared to the market, the risk level of the portfolio is always maintained lower than the general market. In there, BVFED stock fund certificates are having the best performance last week with an increase of 0.28% compared to the previous week.
In the past week, bond funds have maintained stable profits with positive rates of return. Among them, VCBF-FIF bond fund certificates are having the best performance with an increase of 0.17%.