{"id":270846,"date":"2021-11-17T06:34:41","date_gmt":"2021-11-17T06:34:41","guid":{"rendered":"https:\/\/www.zfx.com\/?post_type=market_news&p=270846"},"modified":"2022-06-07T16:08:23","modified_gmt":"2022-06-07T16:08:23","slug":"diem-tin-tuan-16-11-lam-phat-dat-muc-cao-nhat-ke-tu-nam-1990","status":"publish","type":"market_news","link":"https:\/\/www.zfxvn.com\/vi\/market-news\/diem-tin-tuan-16-11-lam-phat-dat-muc-cao-nhat-ke-tu-nam-1990\/","title":{"rendered":"\u0110i\u1ec3m tin tu\u1ea7n 16.11 – L\u1ea1m ph\u00e1t \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 1990"},"content":{"rendered":"

L\u1ea1m<\/span>\u00a0<\/span>ph\u00e1t<\/span><\/span>\u00a0<\/span><\/span><\/h3>\n

Tu\u1ea7n v\u1eeba r\u1ed3i, ch\u00fang ta ti\u1ebfp t\u1ee5c nh\u1eadn th\u1ea5y c\u00e1c t\u00edn hi\u1ec7u v\u1ec1 l\u1ea1m ph\u00e1t \u1edf M\u1ef9 v\u1eabn \u1edf m\u1ee9c cao, ph\u1ea3n \u00e1nh qua vi\u1ec7c ch\u1ec9 s\u1ed1 gi\u00e1 s\u1ea3n xu\u1ea5t (PPI) v\u00e0 ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng (CPI) \u0111\u1ec1u v\u01b0\u1ee3t qu\u00e1 k\u1ef3 v\u1ecdng, hi\u1ec7n \u1edf m\u1ee9c cao nh\u1ea5t trong nhi\u1ec1u k\u1ef3.<\/p>\n

Ch\u1ec9 s\u1ed1 CPI \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o 6,2% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i, c\u0169ng l\u00e0 m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 1990. Trong khi ch\u1ec9 s\u1ed1 PPI l\u00e0 8,6%, cao nh\u1ea5t \u0111\u01b0\u1ee3c ghi nh\u1eadn k\u1ec3 t\u1eeb n\u0103m 2010. \u0110i\u1ec1u n\u00e0y \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi nh\u1eefng y\u1ebfu t\u1ed1 nh\u1ea5t th\u1eddi bao g\u1ed3m c\u00e1c l\u0129nh v\u1ef1c nh\u01b0 n\u0103ng l\u01b0\u1ee3ng v\u00e0 \u00f4 t\u00f4, hay ti\u1ec1n thu\u00ea nh\u00e0 v\u00e0 ti\u1ec1n l\u01b0\u01a1ng.<\/p>\n

L\u1ea1m ph\u00e1t hi\u1ec7n t\u1ea1i v\u1eabn \u1edf m\u1ee9c cao – v\u1edbi CPI c\u01a1 b\u1ea3n tr\u00ean 2,0% t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay k\u1ec3 t\u1eeb th\u00e1ng 4 n\u0103m 2021, khi n\u1ec1n kinh t\u1ebf m\u1edf c\u1eeda tr\u1edf l\u1ea1i v\u00e0 v\u1eafc xin ng\u00e0y c\u00e0ng ph\u1ed5 bi\u1ebfn h\u01a1n. Ch\u00fa \u00fd r\u1eb1ng trong 10 n\u0103m tr\u01b0\u1edbc \u0111\u1ea1i d\u1ecbch, CPI b\u00ecnh qu\u00e2n l\u00e0 1,6% v\u00e0 CPI l\u00f5i trung b\u00ecnh l\u00e0 1,8%, th\u1ea5p h\u01a1n r\u1ea5t nhi\u1ec1u so v\u1edbi ch\u1ec9 s\u1ed1 CPI \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o g\u1ea7n nh\u1ea5t l\u00e0 6,2% v\u00e0 ch\u1ec9 s\u1ed1 CPI l\u00f5i c\u01a1 b\u1ea3n l\u00e0 4,6%.<\/p>\n

M\u1eb7c d\u00f9 CPI v\u00e0 CPI l\u00f5i \u0111ang \u1edf m\u1ee9c cao hi\u1ec7n nay, nh\u01b0ng tr\u01b0\u1edbc khi x\u1ea3y ra \u0111\u1ea1i d\u1ecbch, c\u00e1c ch\u1ec9 s\u1ed1 n\u00e0y c\u00f3 gi\u00e1 tr\u1ecb trung b\u00ecnh d\u01b0\u1edbi 2,0% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i.<\/p>\n

Bi\u1ec3u \u0111\u1ed3 n\u00e0y cho th\u1ea5y s\u1ef1 gia t\u0103ng nhanh ch\u00f3ng c\u1ee7a l\u1ea1m ph\u00e1t khi n\u1ec1n kinh t\u1ebf \u0111\u00e3 m\u1edf c\u1eeda tr\u1edf l\u1ea1i sau \u0111\u1ea1i d\u1ecbch. (Ngu\u1ed3n: Factset)<\/em><\/p>\n

\u0110i\u1ec1u g\u00ec \u0111ang th\u00fac \u0111\u1ea9y l\u1ea1m ph\u00e1t gia t\u0103ng n\u00e0y?<\/h4>\n

Ch\u00fang t\u00f4i cho r\u1eb1ng s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa nhu c\u1ea7u ti\u00eau d\u00f9ng m\u1ea1nh v\u00e0 ngu\u1ed3n cung y\u1ebfu -\u0111i\u1ec1u m\u00e0 g\u00e2y ra b\u1edfi s\u1ef1 t\u1eafc ngh\u1ebdn c\u1ee7a chu\u1ed7i cung \u1ee9ng v\u00e0 t\u00ecnh tr\u1ea1ng thi\u1ebfu lao \u0111\u1ed9ng – \u0111\u00e3 t\u1ea1o ra s\u1ef1 m\u1ea5t c\u00e2n b\u1eb1ng n\u00e0y v\u00e0 \u0111\u1ea9y gi\u00e1 c\u1ea3 l\u00ean cao. S\u1ef1 m\u1ea5t c\u00e2n \u0111\u1ed1i n\u00e0y g\u00e2y \u1ea3nh h\u01b0\u1edfng l\u00ean ng\u01b0\u1eddi ti\u00eau d\u00f9ng khi gi\u00e1 x\u0103ng v\u00e0 h\u00e0ng h\u00f3a cao h\u01a1n tr\u00ean di\u1ec7n r\u1ed9ng.<\/p>\n

M\u1eb7c d\u00f9 l\u1ea1m ph\u00e1t t\u0103ng cao c\u00f3 th\u1ec3 l\u00e0 l\u1ef1c c\u1ea3n \u0111\u1ed1i v\u1edbi s\u1ef1 th\u00fac \u0111\u1ea9y ti\u00eau d\u00f9ng v\u00e0 t\u0103ng tr\u01b0\u1edfng, nh\u01b0ng quan \u0111i\u1ec3m c\u1ee7a ch\u00fang t\u00f4i v\u1eabn cho r\u1eb1ng l\u1ea1m ph\u00e1t s\u1ebd gi\u1eef \u1edf m\u1ee9c n\u00e0y v\u00e0 kh\u00f3 c\u00f3 th\u1ec3 t\u0103ng cao h\u01a1n. Kh\u1ea3 n\u0103ng s\u1ebd v\u1eabn \u1edf m\u1ee9c cao so v\u1edbi m\u1ee9c trung b\u00ecnh tr\u01b0\u1edbc \u0111\u1ea1i d\u1ecbch.<\/p>\n

Li\u1ec7u l\u1ea1m ph\u00e1t c\u00f3 th\u1ec3 gi\u1ea3m xu\u1ed1ng t\u1eeb \u0111\u00e2y?<\/h4>\n

C\u00f3 nh\u1eefng th\u00e0nh ph\u1ea7n g\u00e2y n\u00ean l\u1ea1m ph\u00e1t m\u00e0 ch\u00fang t\u00f4i cho l\u00e0 nh\u1ea5t th\u1eddi (y\u1ebfu t\u1ed1 \u201cFlexible\u201d) s\u1ebd c\u00f3 kh\u1ea3 n\u0103ng gi\u1ea3m tr\u1edf l\u1ea1i, trong khi c\u00f3 m\u1ed9t s\u1ed1 danh m\u1ee5c c\u00f3 th\u1ec3 v\u1eabn t\u0103ng l\u00ean (y\u1ebfu t\u1ed1t \u201cStickier\u201d).<\/p>\n

B\u1ea3n th\u00e2n C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u0111\u00e3 th\u1ef1c hi\u1ec7n m\u1ed9t nghi\u00ean c\u1ee9u ch\u1ec9 ra \u0111\u00e2u l\u00e0 c\u00e1c y\u1ebfu t\u1ed1 “Flexible” v\u00e0 “Stikier” c\u1ee7a l\u1ea1m ph\u00e1t.<\/p>\n

C\u00e1c th\u00e0nh ph\u1ea7n t\u1ea1m th\u1eddi c\u1ee7a l\u1ea1m ph\u00e1t bao g\u1ed3m c\u00e1c l\u0129nh v\u1ef1c nh\u01b0 gi\u00e1 n\u0103ng l\u01b0\u1ee3ng v\u00e0 kh\u00ed \u0111\u1ed1t, \u00f4 t\u00f4, th\u1ef1c ph\u1ea9m v\u00e0 ch\u1ed7 \u1edf. C\u00e1c l\u0129nh v\u1ef1c nh\u01b0 th\u1ebf n\u00e0y \u0111\u00e3 v\u00e0 \u0111ang ch\u1ed1ng ch\u1ecdi v\u1edbi ba \u0111\u1ee3t gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng, thi\u1ebfu h\u1ee5t lao \u0111\u1ed9ng v\u00e0 nhu c\u1ea7u cao h\u01a1n khi \u0111\u1ea1i d\u1ecbch b\u1eaft \u0111\u1ea7u d\u1ecbu \u0111i tr\u00ean to\u00e0n c\u1ea7u. Tuy nhi\u00ean, ch\u00fang t\u00f4i v\u1eabn tin r\u1eb1ng s\u1ef1 t\u0103ng gi\u00e1 m\u00e0 ch\u00fang ta \u0111\u00e3 v\u00e0 \u0111ang th\u1ea5y trong n\u0103m nay s\u1ebd kh\u00f3 c\u00f3 th\u1ec3 l\u1eb7p l\u1ea1i trong nh\u1eefng th\u00e1ng t\u1edbi. Tr\u00ean th\u1ef1c t\u1ebf Ch\u00fang t\u00f4i c\u0169ng c\u00f3 th\u1ec3 b\u1eaft \u0111\u1ea7u nh\u1eadn th\u1ea5y s\u1ef1 gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng c\u00f3 th\u1ec3 s\u1ebd gi\u1ea3m b\u1edbt trong n\u0103m m\u1edbi khi m\u1ed9t s\u1ed1 c\u00f4ng ty \u00f4 t\u00f4 \u0111\u00e3 nh\u1eadn x\u00e9t v\u1ec1 vi\u1ec7c c\u1ea3i thi\u1ec7n \u0111i\u1ec1u ki\u1ec7n cung c\u1ea5p trong b\u00e0i b\u00ecnh lu\u1eadn v\u1ec1 thu nh\u1eadp h\u00e0ng qu\u00fd c\u1ee7a h\u1ecd.<\/p>\n

M\u1eb7t kh\u00e1c, c\u00f3 nh\u1eefng th\u00e0nh ph\u1ea7n c\u1ee7a l\u1ea1m ph\u00e1t c\u00f3 th\u1ec3 v\u1eabn c\u00f3 th\u1ec3 t\u0103ng (\u201cStickier\u201d) nh\u01b0 ch\u1ed7 \u1edf v\u00e0 chi ph\u00ed thu\u00ea nh\u00e0, d\u1ecbch v\u1ee5 ch\u0103m s\u00f3c y t\u1ebf v\u00e0 chi ph\u00ed gi\u00e1o d\u1ee5c. Ti\u1ec1n l\u01b0\u01a1ng c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0a v\u00e0o danh s\u00e1ch n\u00e0y m\u1eb7c d\u00f9 th\u00e0nh ph\u1ea7n n\u00e0y s\u1ebd g\u1eb7p nhi\u1ec1u kh\u00f3 kh\u0103n v\u00ec t\u0103ng l\u01b0\u01a1ng c\u1ea7n m\u1ed9t s\u1ef1 t\u0103ng tr\u01b0\u1edfng r\u00f5 r\u00e0ng \u0111\u1ec3 th\u1ef1c hi\u1ec7n.<\/p>\n

T\u00f3m l\u1ea1i vi\u1ec7c l\u1ea1m ph\u00e1t c\u00f3 th\u1ec3 gi\u1ea3m xu\u1ed1ng ngay l\u00e0 kh\u00e1 kh\u00f3 kh\u0103n cho \u0111\u1ebfn khi th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng th\u1ef1c s\u1ef1 b\u00ecnh \u1ed5n.<\/p>\n

Gi\u00e1 V\u00e0ng<\/span><\/h3>\n

Hi\u1ec7n t\u1ea1i, v\u00e0ng v\u1eabn \u1edf m\u1ee9c kho\u1ea3ng 1866 USD, \u0111\u00e3 t\u0103ng 480 pips t\u00ednh t\u1eeb gi\u00e1 m\u1edf c\u1eeda c\u1ee7a tu\u1ea7n tr\u01b0\u1edbc t\u1ea1i 1818 v\u00e0 xu h\u01b0\u1edbng n\u00e0y v\u1eabn c\u00f2n m\u1ea1nh m\u1ebd. Vi\u1ec7c l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o \u1edf m\u1ee9c cao c\u00f3 th\u1ec3 s\u1ebd v\u1eabn ti\u1ebfp t\u1ee5c l\u00e0 h\u1ed7 tr\u1ee3 gi\u00e1 V\u00e0ng.<\/p>\n

V\u1ec1 kh\u00eda c\u1ea1nh k\u1ef9 thu\u1eadt, gi\u00e1 v\u00e0ng \u0111\u00e3 ph\u00e1 v\u1ee1 kh\u00e1ng c\u1ef1 c\u1ee9ng quanh 1830 v\u00e0 t\u0103ng m\u1ea1nh m\u1ebd \u0111\u1ebfn 1866-1870 – t\u1ee9c v\u00f9ng tranh ch\u1ea5p trong qu\u00e1 kh\u1ee9. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 mang \u0111\u1ebfn m\u1ed9t s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 nh\u1eefng v\u00f9ng h\u1ed7 tr\u1ee3 b\u00ean d\u01b0\u1edbi g\u1ed3m:<\/p>\n