26/06/2025
1. The US stock market
- The S&P 500 is almost flat at 6,092.16 points.
- The Nasdaq Composite rose 0.31% to 19,973.55 points.
- Dow Jones increased by 106.59 points (+0.25%) to 42,982.43 points.
- Technology stocks lead: Nvidia +4.3%, Alphabet +2.3%, AMD +3.6%.
- The S&P 500 is less than 1% away from its all-time high.
2. Crude oil
- WTI rose 0.85% to 64.92 USD per barrel.
- Brent tăng 0.8% lên 67.68 USD/thùng.
- Prices rise due to the Iran-Israel ceasefire and expectations of geopolitical stability.
3. Gold
- Spot gold edged up 0.1% to 3,327.91 USD/oz.
- Future gold prices fell 0.3% to 3,343.1 USD/oz.
- Pressure decreases as geopolitical tensions and expectations of interest rate cuts are not strong enough.
4. Copper
- The dong has risen for the fourth consecutive session.
- The difference between spot prices and 3-month contracts has decreased to 98 USD/ton.
- Supply tensions have eased and demand in China is stable.
5. Iron ore
- Iron ore prices are facing the lowest risk of the year due to abundant supply.
- Exports from Australia: 53.1 million tons (+13.7% compared to April).
- Exports from Brazil: 35.1 million tons in May.
6. Rubber
- OSE Japan (July) decreased by 1.3% to 302.6 Yen/kg.
- SHFE Shanghai reduced by 1% to 13,720 Yuan/ton.
- SGX Singapore decreased by 1.5 cents to 159.60 cents/kg.
- Thailand increased by 0.5% to 73.52 Baht/kg.
7. Foreign currency
- The USD fluctuated in different directions after the Russian missile attack on Ukraine.
- Euro and GBP remain high, USD strong against Japanese Yen.
- Bitcoin increased by nearly 2% to over 108,000 USD.
8. Fed Powell warns
- Powell warns that large-scale tariffs could trigger prolonged inflation.
- The Fed needs to stabilize interest rates to observe the impact of tariffs.
- The market forecasts the Fed will cut rates by 60 basis points starting in September.
9. The situation in the Middle East
- Iran's Quds Force Commander Esmail Qaani appears after assassination news.
- The Iran-Israel ceasefire agreement is fragile, and the conflict may flare up again.
10. Japanese bank
- Meeting summary 6/2025: concerns about inflation higher than expected.
- The State Securities Commission maintains a cautious monetary policy.
- Interest rate hikes are forecasted as tariff risks decrease.
Source: Vietfutures aggregated
