LOCAL SHARES ended lower on Thursday as high US inflation caused fears of a bigger rate hike from the Federal Reserve and despite better Philippine gross domestic product (GDP) growth in the first quarter.
STOCKS declined on Wednesday ahead of the release of the country’s first-quarter gross domestic product (GDP) and the US inflation data, and amid the initial count of the election results.
SHARES slid on Tuesday on the results of the national elections and Wall Street volatility.
STOCKS may move sideways this week as the market awaits the results of the national elections held on Monday.
INVESTORS remained cautious as stocks ended lower during the first week of May, driven by the US Federal Reserve’s rate hike, the release of local inflation data, and amid the upcoming national elections.
SHARES rallied on Thursday following the US Federal Reserve’s policy decision and the release of Philippine April inflation data.
STOCKS rebounded on Wednesday on bargain hunting after the one-day trading break and ahead of the expected rate hike from the US Federal Reserve.
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.
SHARES continued to decline on Monday ahead of the US Federal Reserve’s policy meeting and the release of Philippine inflation data.
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.