The US and European stock markets fell and the dollar strengthened in the trading session on February 6 following the US released positive economic data, raising expectations that the US Federal Reserve (Fed) will interest rates may continue.
Closing this session, the Dow Jones Industrial Average fell 0.1% to 33,891.02 points. The S&P 500 composite index fell 0.6 percent to 4,111.08. The Nasdaq technology index fell 1.0% to 11,887.45.
On the other side of the Atlantic, the FTSE index in London (United Kingdom) closed down 0.8% at 7,836.71 points. The DAX 30 index in Frankfurt (Germany) fell 0.8% to 15,345.91 points. The CAC 40 index in Paris (France) market fell 1.3% to 7,137.10 points. The EURO STOXX 50 index fell 1.2% to 4,205.45 points.
Experts say the US jobs report just released has led to different predictions regarding the next actions of the Fed.
Data released last week showed that the US economy added more than 500,000 jobs in January, nearly double the figure for December 2022 and far exceeding the forecast of 188,000 jobs. The unemployment rate also fell to its lowest level since 1969.
Traders expect the Fed to continue to raise interest rates above 5% before stopping the hike. Besides, putting more pressure on investor sentiment are concerns regarding disagreements between major economies.
In Vietnam, at the end of the trading session on February 6, the VN-Index increased by 12.14 points to 1,089.29 points, and the HNX-Index decreased by 0.81 points to 214.47 points.
