SHARES improved on Tuesday after China’s central bank said it would cut banks’ reserve requirements to help prop up a slowing economy due to a fresh surge in coronavirus disease 2019 (COVID-19) cases.
STOCKS inched up on Monday ahead of the release of major US earnings reports and economic data and despite fears of a more aggressive tightening by the US Federal Reserve.
PHILIPPINE SHARES are seen to rise on expectations of increased spending as the country is less than a month away from the national elections and despite an aggressive rate hike from the US central bank.
SHARES went up on Wednesday as investors chose to maintain their positions ahead of the Holy Week break and despite data showing US inflation hit a 16-year high last month.
SHARES continued to slide on Tuesday amid fears of Russia using chemical weapons in its war against Ukraine and aggressive tightening by the US Federal Reserve to fight rising inflation.
SHARES declined on Monday amid a shortened trading week and ahead of the release of US inflation data, which are expected to have reached a fresh high in March.
SHARES could move sideways due to the shortened trading week, which could prompt investors to hold off on buying or pocket their gains.
SHARES continued to decline on Thursday as the majority of Wall Street indices fell due to the US Federal Reserve’s hawkish tone in the minutes of its latest meeting where it raised rates from near zero.
STOCKS slumped on Wednesday as a US Federal Reserve policy maker said the central bank could downsize its balance sheet at an aggressive pace and raise rates steadily.
SHARES went down on Tuesday as inflation quickened last month due to the spike in commodity prices due to the crisis in Ukraine.