1. Financial market News

VN-Index falls for fourth consecutive session this week

The VN-Index fell 0.31 percent to 851.98 points, with trading going down to its second-lowest level in the past month. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 253 stocks lose and 124 gain. Total trading volume fell to VND4.29 trillion ($185 million), similar to the period in March when the Covid-19 pandemic scared investors off the stock market. This was in stark contrast to trading in May, when liquidity surged as high as VND7 trillion ($302 million) per session as the VN-Index recovered and hitting 900 points at the end of the month. The VN30 for the market’s 30 largest capped stocks shed 0.12 percent, with 18 stocks losing and 7 gaining.

Detailed information here.

2. Banking news

Value trade comeback?

The Covid-19 crisis that pushed the U.S. economy into recession could have made way for the start of a new market cycle, John Davi, founder and chief investment officer of Astoria Portfolio Advisors, told CNBC’s “ETF Edge” this week. Looking at the WisdomTree U.S. SmallCap Earnings Fund (EES), Davi pointed out that its price-to-earnings ratio of 9 was notably lower than that of the iShares Russell 2000 ETF (IWM), which has a PE ratio of roughly 14.

Detailed information here.

3. International finance News

The Fed said it could supply the economy with $2.3 trillion. It hasn’t come close so far

When the coronavirus pandemic locked up capital markets and pulled the economy into recession, the Federal Reserve took aim with a $2.3 trillion bazooka to try to help. Thus far, though, the central bank has only fired off surprisingly few rounds.

Detailed information here.