Shares near bear territory on overseas tensions
LOCAL EQUITIES tumbled on Wednesday, moving closer to bear territory amid rising tensions between the United States and China.
PSEi slumps to 15-month trough on US-China rift
THE Philippine Stock Exchange index (PSEi) slumped to its lowest level in 15 months Tuesday, June 19, as the trade war between two of the world’s largest economies escalated, while analysts back home looked toward the local central bank’s policy meeting.
PHL stocks down on cautiousness ahead of BSP
LOCAL EQUITIES plunged on Monday, bringing the index to a new low for the year as investors stayed cautious ahead of the Bangko Sentral ng Pilipinas’ (BSP) meeting on Wednesday amid a weakening peso.
Shares to move sideways ahead of BSP meeting
SHARES may move sideways in the week ahead as investors await the results of the local central bank’s policy meeting.
PHL stocks extend decline after US Fed rate hike
SHARE PRICES dropped anew on Thursday after the US Federal Reserve hiked interest rates for the second time this year.
Shares plunge ahead of central bank meetings
SHARES fell on Wednesday as investors remained on the sidelines ahead of various central bank meetings overseas and the peso’s decline to a new 12-year low.
Volatility expected as focus shifts to Fed review
INVESTORS will be looking at the US Federal Reserve’s statement at the close of its policy meeting amid an expected thinner trading volume due to the shortened trading week.
Stocks up in muted trade on positive sentiment
STOCKS climbed at the start of the shortened trading week, tracking positive finishes overseas.
Better-than-expected inflation seen to sustain lift
SHARES could move up overall in the shortened trading week ahead, with investors shrugging off any negative sentiment following better-than-expected inflation data reported last week.
PSEi slumps as trade deficit widens sharply
SHARES slumped on Friday, as the statistics office reported the Philippines’ trade deficit widened to a four-month high in April.
PHL shares extend climb on easing global worries
LOCAL SHARES extended their rally on Thursday as concerns over a global trade war continue to ease.
Local stocks end flat amid muted trading overseas
SHARES barely moved on Wednesday, tracking muted trading overseas but remaining on the upside following slower inflation data for May.