PHL stocks sink ahead of Powell testimony, BSP

SHARES ended lower on Wednesday amid fears of further tightening by the Federal Reserve, with its chief set to speak to the US Congress overnight, and ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting on Thursday, where it is expected to hike rates anew.

Shares drop on worries over peso, BSP decision

STOCKS declined on Tuesday as the peso weakened further versus the dollar and ahead of the Bangko Sentral ng Pilipinas (BSP) policy meeting where it is expected to raise borrowing costs again.

PSE index inches up in thin trade amid weak peso

THE MAIN INDEX inched higher on Monday amid weak trading as the peso closed at the P54-per-dollar level and with US markets closed for a holiday.

Relief rally possible ahead of BSP rate decision

PHILIPPINE financial markets may see a relief rally ahead of the anticipated rate hike by the Bangko Sentral ng Pilipinas (BSP) at its policy meeting this week.

PHL shares up on bargain hunting after Fed hike

SHARES climbed on Thursday on bargain hunting and as Wall Street cheered the US Federal Reserve’s decision to hike interest rates by 75 basis points (bps), bigger than increases made at previous meetings, to fight rising inflation.

Stocks sink as market expects aggressive Fed hike

PHILIPPINE STOCKS sank on Wednesday ahead of the US Federal Reserve’s rate-setting meeting, where analysts are forecasting an aggressive 75-basis point (bp) hike amid rising inflation.

PSE index rises on last-minute bargain hunting

SHARES improved on Tuesday on last-minute bargain hunting despite concerns over the policy paths of the Bangko Sentral ng Pilipinas (BSP) and US central bank due to rising inflation here and abroad.

PHL stocks slide as faster US CPI fuels rate worries

STOCKS continued to slide on Monday due to faster US inflation in May that fueled fears of a more aggressive tightening by the Federal Reserve.

Shares seen to move sideways on inflation worries

STOCKS are seen to move sideways this week as the latest inflation data of the Philippines and the US may continue to dampen investor sentiment, fueling worries of harsher tightening by their central banks.

Shares end lower on inflation fears, trade data

STOCKS declined on Thursday on inflation fears due to high oil prices and a weaker peso and following the release of local trade data for April.

PSE index ends higher, tracking Asian, US markets

SHARES continued to rise on Wednesday on sustained bargain hunting and Wall Street’s rally and despite higher oil prices and the World Bank’s dampened global growth outlook.

Philippine stocks rebound on bargain hunting

STOCKS recovered on bargain hunting on Tuesday despite data showing faster inflation in May.
BusinessWorld Online