STOCKS declined on Monday as investors remained cautious ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the release of US inflation data this week. The benchmark Philippine Stock Exchange index (PSEi) went down by 38.03 points or 0.55% to close at 6,838.76 on Monday, while the broader all shares index shed 10.21 […]
Tag: monday
Stocks decline on profit-taking before key data
PHILIPPINE STOCKS dropped on Monday, with the benchmark index settling below 7,000 on profit-taking as investors await the release of key economic data at home and in the United States. The bellwether Philippine Stock Exchange index (PSEi) went down by 90.77 points or 1.29% to close at 6,936.61 on Monday, while the broader all shares […]
Shares decline as market awaits Fed, US data
STOCKS dropped on Monday amid a lack of catalysts as investors await the US Federal Reserve’s policy decision and economic data releases. The benchmark Philippine Stock Exchange index (PSEi) went down by 81.19 points or 1.15% to close at 6,970.97 on Monday, while the broader all shares index lost 37.67 points or 1.01% to end […]
PHL shares climb ahead of key economic reports
PHILIPPINE STOCKS finished higher on Monday despite being in the red for most of the session due to profit taking ahead of the release of key economic data. The bellwether Philippine Stock Exchange index (PSEi) went up by 13.06 points or 0.18% to close at 7,069.68 on Monday, while the broader all shares index added […]
Peso steady amid US debt ceiling woes, PHL GDP bets
THE PESO closed unchanged against the dollar on Monday as negative sentiment brought by developments in the United States was offset by expectations of strong Philippine gross domestic product (GDP) growth. The local currency ended at P54.54 versus the greenback on Monday, steady from Friday’s finish, data from the Bankers Association of the Philippines showed. […]
Stocks drop on profit taking after Monday rally
PHILIPPINE STOCKS closed lower on Tuesday on profit taking after the main index hit the 7,000 level for the first time since April 2022 on Monday and ahead of the resumption of trading on Wall Street. The benchmark Philippine Stock Exchange index (PSEi) went down by 31.44 points or 0.44% to close at 7,014.04 on […]
PSEi surges to 7,000 level on Fed policy hopes
PHILIPPINE SHARES climbed on Monday amid Wall Street’s rise last week and a stronger peso amid expectations of smaller rate hikes from the US Federal Reserve. The 30-member Philippine Stock Exchange index (PSEi) went up by 93.94 points or 1.35% to 7,045.48 on Monday, while the broader all shares index rose by 37.53 points or […]
Local stocks track Wall St. rally on Fed hike bets
SHARES went up on Monday, mirroring Wall Street’s climb, as investors were hopeful that improved US economic data could lead to slower tightening by the US Federal Reserve. The 30-member Philippine Stock Exchange index (PSEi) rose by 122.27 points or 1.83% to close at 6,790.24 on Monday, while the broader all shares index added 55.90 […]
Utzurrum: PAL’s Cebu hub new routes
Indeed, very enthusiastic about Philippine Airlines’ (PAL) Bangsamoro routes is Vice President for Sales Bud Britanico. He announced: “Our new Cebu-Cotabato-Tawi-Tawi service brings good news to our Cebuano and Bangsamoro compatriots for the holidays. We hope to connect families, spur holiday travel and reactivate business in the BARMM (Bangsamoro Autonomous Region of Muslim Mindanao).” This […]
PSE index inches up as investors wait for leads
THE MAIN INDEX closed nearly flat on Monday after oil prices dropped on Friday and as investors look for catalysts ahead of central bank meetings this week. The 30-member Philippine Stock Exchange index (PSEi) inched up by 5.08 points or 0.07% to close at 6,585.20 on Monday, while the broader all shares index lost 0.41 […]
Peso drops as PPI data fuel Fed hike fears anew
THE PESO weakened against the dollar on Monday as investors anticipate more rate hikes from the US Federal Reserve due to mixed producer inflation data released last week and as the Bangko Sentral ng Pilipinas (BSP) sees a wider balance of payments (BoP) deficit this year. The local currency ended at P55.65 against the greenback […]
Peso weakens on strong US data
THE PESO ended weaker against the dollar on Monday following stronger US employment data and the downward revision to Philippine economic managers’ growth forecast for next year. The local unit closed at P56.02 versus the dollar on Monday, losing 28 centavos from its P55.74 finish on Friday, data from the Bankers Association of the Philippines’ […]
Local shares fall on last-minute profit-taking
LOCAL STOCKS declined further on Monday on profit-taking ahead of the release of November inflation data. The 30-member Philippine Stock Exchange index (PSEi) lost 47.52 points or 0.73% to close at 6,442.13 on Monday, while the broader all shares index decreased by 15.72 points or 0.46% to 3,403.93. “Local stocks continued to falter amid persisting […]
Disney CEO Iger makes profitable streaming a priority
WALT DISNEY Co. Chief Executive Bob Iger said on Monday that one of his top priorities is to make the company’s streaming business profitable. Mr. Iger is responsible for Disney’s all-in embrace of streaming, and the launch of its marquee service, Disney+, but he acknowledged the measurement of success has changed. Wall Street investors now […]
Stocks climb on bargain hunting ahead of data
PHILIPPINE SHARES ended in the green on Monday, testing resistance levels, on bargain hunting ahead of key US economic data. The bellwether Philippine Stock Exchange index (PSEi) gained 74.53 points or 1.12% to end at 6,681.47 on Monday, while the broader shares index went up by 28.73 points or 0.83% to 3,481.17. Regina Capital Development […]
Peso up on easing oil prices
THE PESO strengthened versus the dollar on Monday after global oil prices eased, erasing all gains posted since the start of the Russia-Ukraine war. The local unit closed at P56.64 against the greenback on Monday, stronger by three centavos from its P56.67 finish on Friday, data from the Bankers Association of the Philippines showed. The […]
Marcos dismisses as ‘fake news’ report Diokno on way out at DoF
PRESIDENT Ferdinand R. Marcos, Jr. dismissed as “fake news” reports that Finance Secretary Benjamin E. Diokno will exit the Department of Finance (DoF). “Fake news. I don’t know where it comes from,” Mr. Marcos told reporters when asked about Mr. Diokno’s status. A website reported on Monday that Mr. Marcos is looking to replace Mr. […]
Peso declines on Fed worries
THE PESO ended weaker against the dollar on Monday following hawkish signals from the US central bank, and as renewed coronavirus worries spurred safe-haven demand. The local unit closed at P57.36 versus the dollar on Monday, down by 10 centavos from its P57.26 finish on Friday, data from the Bankers Association of the Philippines’ website […]
Peso weakens on hawkish Fed comments
THE PESO dropped versus the dollar on Monday amid hawkish signals from a US Federal Reserve official that dampened hopes of smaller rate hikes after US inflation slowed in October. The local unit closed at P57.28 on Monday, losing five centavos from its P57.23 finish on Friday, Bankers Association of the Philippines data showed. The […]
Philippine shares climb on improved sentiment
PHILIPPINE STOCKS went up on Monday on improved market sentiment following positive data and tracking Wall Street’s rise on Friday. The benchmark Philippine Stock Exchange index (PSEi) gained 67.99 points or 1.08% to close at 6,354.76 on Monday, while the broader all shares index went up by 23.70 points or 0.71% to 3,352.59. “The PSEi […]