On February 7, in the forum of the Economic Club of Washington, Chairman of the US Federal Reserve (Fed) Jerome Powell said, “We did not expect such a strong employment report. This is the reason we think the reduction process is Inflation will take a long time.” The Fed also believes that inflation this year will decrease “significantly”. However, it may not be until next year that this figure returns to the 2% target. From now until then, interest rates will have to remain high.
The Russian economy has changed significantly after the Russia-Ukraine conflict broke out at the end of February last year. On February 9, speaking on television in this country, Vladimir Putin said that the economy had overcome the worst effects of sanctions and would grow this year but did not give GDP figures. specifically.
Last week, after many volatile sessions, world gold prices increased again as investors waited for January US consumer price data, expected to be announced on February 14. Closing the weekend trading session, world gold prices are trading around 1,865.5 USD/ounce, a slight increase of 0.06% compared to last week. Domestically, gold prices fluctuate in opposite directions. Specifically, SJC gold price at the end of the week has the listed price at 66.55 – 67.37 million VND/tael (buy – sell). Other types of gold jewelry were stable during the weekend session, simultaneously standing still in both directions of trading.
The stock market struggled in the last session of the week, VN-Index decreased to 1,055.3 points, a total decrease of 21.85 points (-2.03%) compared to last week. 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, BVPF stock fund certificates are having the best performance over the past week with an increase of 7.45%.
In the past week, bond funds have maintained stable profits with positive rates of return. Among them, MAFF bond fund certificates are having the best performance with an increase of 1.22%.