According to China’s National Bureau of Statistics, the country’s consumer price index (CPI) increased by 0.2% in May compared to the same period last year. Meanwhile, the producer price index (PPI) decreased by 4.6% in May, larger than the previous month and also the worst in 7 years. These two indicators show that the world’s second largest economy continued to weaken in May.
Crude oil prices may approach $100 after Saudi Arabia announced a voluntary reduction in production by 1 million barrels a day in July to stabilize the oil market. Accordingly, the country’s output will be only 9 million barrels a day in July, down from 10 million barrels in May. This is the country’s sharpest decrease in many years.
The draft Law continues to stipulate that land price lists are issued annually to ensure land prices are consistent with market principles. However, additional transitional regulations are implemented in the direction of continuing to use the current land price list until the end of 2025 so that localities have enough time to develop and issue new land price lists according to the new regulations of the Government. Land Law…
Last week, world gold prices recorded a weekly increase thanks to the prospect that the Fed will keep interest rates unchanged at its meeting next week. Closing the trading session at 1,960.7 USD/ounce, up 0.7% compared to last week. Domestically, SJC gold price also increased again with an increase of 200,000 VND/tael. Specifically, DOJI Group is listing the buying and selling price of SJC gold at 66.40 – 67 million VND/tael. On the contrary, other types of gold jewelry adjusted down during the weekend session.
The stock market had a positive trading week. For the whole week, VN-Index increased a total of 16.69 points (1.53%), to 1,107.53 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, VCBF-MGF stock fund certificates are having the best performance from the beginning of 2023 until now at 18.41%.
In the past week, open-ended bond funds maintained stable profits with a positive rate of return of over 2.5%. Among them, VNDBF bond fund certificates are having the best performance from the beginning of 2023 until now is 4.58%.
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