STOCK MARKET TODAY, JULY 15: U.S. CPI Falls Faster Than Expected

Detailed Report

Macroeconomic News:

• U.S. - Iran: President Trump threatened to launch further attacks on Iran, just hours after the U.S. reinstated a blockade on cargo shipments through the Strait of Hormuz.
• United States: The U.S. all-items CPI for June rose only 3.5% year-over-year, down from 4.2% and below the forecast of 3.8%; on a monthly basis, prices fell 0.4% (compared to a forecast of a 0.1% decline). Core CPI also unexpectedly moderated to 2.6% year-over-year (from 2.9%), while the month-over-month core CPI remained flat (0.0%)—the weakest reading since January 2021.
• FED: Fed Governor Christopher Waller expressed concern about inflation but cautioned that the central bank should not rush to raise interest rates simply out of an obsession with past mistakes.
• China: Set a retail sales target of 60 trillion yuan (~8.84 trillion USD) by 2030 under a new consumption plan.
• Vietnam: Hanoi Party Secretary – Mobilizing resources, determined to achieve double-digit growth.
• Vietnam: Amending the Petroleum Law—Petrovietnam proposes maximum decentralization and devolution of authority
• Vietnam: World Bank – The quality of growth will determine Vietnam’s path to becoming a high-income country.
• Vietnam: The Governor of the State Bank of Vietnam has just signed and issued Circular No. 32/2026/TT-NHNN regulating lending activities for overseas investment by credit institutions and foreign bank branches to their customers.
• Vietnam: The Ministry of Construction has removed the proposal for time-limited condominium ownership from the draft amendment to the Housing Law.

Stock Market News

• VN-Index: Closed on July 14 up 6.09 points (+0.34%) at 1,806.63, led by the energy, banking, and retail sectors; foreign investors recorded a net sell of approximately 158 billion VND.
• HVN: HOSE lifted trading restrictions on HVN shares after Vietnam Airlines restored its financial health.
• HDB: Fitch Ratings assigned HDBank its first-ever credit ratings, placing it in the highest rating category.
• ACV: ACV proposes a three-phase development plan for Long Thanh Airport and a 50% fee reduction to attract airlines.
• TCX: TCBS (TCX) reports record-high second-quarter 2026 profit, exceeding 2,000 tỷ đồng.
• LPBS: LPBank Securities (LPBS) has filed to list more than 1.4 billion shares on the HOSE.
• PC1: VietinBank Capital has become the third-largest shareholder of PC1 Group JSC (ticker PC1 – HOSE) after increasing its stake to 7.54%.
• CII: Ho Chi Minh City Infrastructure Investment Group (CII) purchased an additional 727,100 PC1 shares.
• Masterise: The Masterise-affiliated group raised 44.5 nghìn tỷ đồng in bonds during the first half of the year.
• DHG: Hau Giang Pharmaceutical (DHG) was fined and ordered to pay back more than 10.4 tỷ đồng in taxes.
• VBB: Vietbank (VBB) shares were officially listed on the HOSE.

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Source: BIDV Securities (BSC)