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DBS Group Research forecasts Vietnam’s real GDP to grow 7.8% year-on-year in Q2 2026, matching Q1’s pace, supported by strong electronics manufacturing, AI-driven tech demand, FDI and resilient retail spending. Headline inflation is expected to moderate to 5.0% in June as transport costs ease with lower energy prices, allowing the central bank to keep its refinancing rate steady to support growth.Robust growth with moderating CPI”We expect Vietnam’s real GDP to expand by 7.8% yoy in 2Q26, remaining firm compared with 7.8% yoy in 1Q26.””Growth momentum remained robust in 2Q26, underpinned by strong electronics manufacturing activity and shipments, which benefitted from…
FTSE Russell is undertaking its semi-annual rebalancing — what the index provider calls its reconstitution — and the size of the undertaking could impact markets, say analysts.
The UN’s International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.IMO chief Arsenio Dominguez said that several boats had already been evacuated, but the agency wanted to ensure that “necessary safety guarantees” would continue to be in place.A White House official stated that it was too soon to say who struck the ship. The official, who spoke on condition of anonymity to discuss internal deliberations, said that the US was looking into which party was responsible…
“Only 8% to 10% of people wait until age 70 to claim.”
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note EUR/USD’s slide extended to 1.1324 before a rebound, with the pair now seen consolidating between 1.1330 and 1.1385 in the very near term. Over 1–3 weeks, they still see scope for further Euro weakness, but stresses that a daily close below 1.1325 is needed to open the way toward 1.1280.Further downside needs daily confirmation”24-HOUR VIEW: Following the decline in EUR two days ago, we highlighted yesterday that “despite the oversold conditions, there is a chance for EUR to test 1.1360.” We also highlighted that “based on the prevailing…
U.S. and global benchmark oil prices have dropped back to levels they haven’t seen since before the U.S.-Israeli war with Iran started at the end of February, but it’s not because risks associated with the conflict have suddenly disappeared.
Lloyd Chan at MUFG views Singapore Dollar (SGD) as relatively defensive versus other ASEAN currencies thanks to Monetary Authority of Singapore’s (MAS) tight Singapore Dollar Nominal Effective Exchange Rate (S$NEER) policy, which anchors volatility and inflation expectations. However, Chan still expects modest SGD weakness against the US Dollar (USD) as rate differentials widen, and anticipates MAS will leave its tight stance unchanged at the July meeting.Singapore dollar seen relatively resilient”SGD remains comparatively defensive under the MAS S$NEER framework, which dampens FX volatility and inflation expectations, but it is still likely to weaken modestly against the USD due to widening rates…
Dow Industrial’s index provider hails Alphabet as ‘more representative’ of communications sector.
Gold has been a highly valued asset throughout human history, and this value has encouraged unscrupulous people to produce fakes. Gold’s unique properties mean it’s not a straightforward metal to counterfeit, but over the years sophisticated fake gold has been produced. With gold prices at historically high levels, the incentive to fake it has never been greater, and stories of buyers being deceived are common across online forums and marketplaces alike. source: Reddit So how do you tell if gold is real? The answer depends on how much certainty you need. A quick magnet test takes seconds but has clear…
Stocks tied to the AI rally are largely shedding weight on Tuesday, with the tech-heavy NASDAQ 100 down 2.6% at the time of writing. A major 10% sell-off in the South Korean KOSPI tied to memory chip mavens SK Hynix and Samsung Electronics spilled over into the US market.Both companies’ shares fell after a local report said SK Hynix is slowing expansion of its AI memory chip (HBM) production to emphasize the cheaper DRAM components.The two largest memory chip makers in the US, Sandisk (SNDK) and Micron (MU), have followed suit, trading 13% and 11% lower, respectively. The pullback is…