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VCSC Daily - Once again it was VNM vs the global economy - TRA, DRC

Two of the global themes that we discussed in our Strategy report at the beginning of the year dominated the news again today: the Fed and oil prices. Last night, Fed Chair Janet Yellen made remarks that she would be very cautious in raising interest rates due to global economic conditions. The caution in her remarks seemed to confirm that the Fed will not raise rates in April. While many emerging markets rallied on this news, it did not seem to affect Vietnam