Weak trading seen as market waits for Fed hike
STOCKS may continue to drop as investors stay cautious ahead of the expected aggressive rate hike by the US Federal Reserve as well as the release of Philippine April inflation data.
Stocks sink ahead of Fed meeting, inflation data
SHARES continued to decline on Monday ahead of the US Federal Reserve’s policy meeting and the release of Philippine inflation data.
Volatility to continue on rate hike, inflation fears
STOCKS may continue to remain volatile this week amid rate hike fears due to rising inflation, the lockdown in China and the war in Ukraine.
PSEi rebounds on bargain hunting, income results
STOCKS rebounded on Thursday on bargain hunting and the release of more local and US corporate financial reports.
Stocks sink further as BSP eyes earlier rate hike
SHARES closed lower on Wednesday after the central bank’s chief said they may consider a rate hike in June and amid fears of global growth risks as coronavirus disease 2019 (COVID-19) cases in China continue to rise.
PSEi drops on higher oil prices, China lockdown
STOCKS slid on Tuesday amid volatile global oil prices on lockdowns in China due to a surge in coronavirus disease 2019 (COVID-19) cases.
Local shares end higher on last-minute buying
SHARES rebounded on Monday on last-minute buying, despite fears of an impending rate hike by the US Federal Reserve and a drop in Asian stocks following the coronavirus surge in China.
PHL stocks may move sideways as elections near
SHARES may move sideways on increased spending ahead of the national elections on May 9 and rate hike fears due to hawkish statements from the US Federal Reserve’s chief.
Local shares drop on profit taking, rate hike fears
PHILIPPINE SHARES dropped on Thursday along with other Asian markets due to profit taking amid fears of an aggressive rate hike from the US Federal Reserve and other central banks.
Shares climb as IMF raises PHL growth forecast
SHARES climbed on Wednesday after the International Monetary Fund (IMF) raised its growth forecast for the country for this year.
PSE index rises as China cuts banks’ reserve ratios
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 inch higher ahead of US data, earnings
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.