THE PESO fell to an over one-month low against the dollar on Wednesday as latest US consumer inflation data supported worries over further rate increases by the Federal Reserve. The local currency closed at P55.17 versus the greenback on Wednesday, declining by 34 centavos from Tuesday’s P54.83 finish, Bankers Association of the Philippines data showed. […]
Tag: wednesday
PSE index rebounds as investors pick up bargains
PHILIPPINE STOCKS rebounded on Wednesday as investors picked up bargains after the market’s two-day decline and following the release of US inflation data. The benchmark Philippine Stock Exchange index (PSEi) went up 30.85 points or 0.45% to close at 6,822.09 on Wednesday, while the broader all shares index added 4.53 points or 0.12% to end […]
Peso up on profit taking, Fed chair’s comments
THE PESO rebounded against the dollar on Wednesday on profit taking and remarks from the US Federal Reserve chief. The local currency closed at P54.80 versus the greenback on Wednesday, strengthening by 28.5 centavos from Tuesday’s P55.085 finish, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s trading session at P55 […]
PSEi tracks US shares’ rise on Powell comments
PHILIPPINE SHARES rebounded on Wednesday, following Wall Street’s rise amid hawkish statements from the US Federal Reserve chair. The 30-member Philippine Stock Exchange index (PSEi) went up by 41.82 points or 0.6% to close at 6,923.08 on Wednesday, while the broader all shares index added 19.26 points or 0.52% to end at 3,675.01. “Investors turned […]
PSEi tracks Wall Street’s rise before Fed decision
PHILIPPINE STOCKS rebounded on Wednesday, tracking Wall Street’s climb ahead of the US Federal Reserve’s policy decision and despite continued worries over elevated inflation that could slow down consumer spending. The benchmark Philippine Stock Exchange index (PSEi) surged by 242.51 points or 3.57% to close at 7,035.76 on Wednesday, while the broader all shares index […]
Peso rebounds vs dollar as US data support bets of less hawkish FOMC
THE PESO rebounded against the dollar on Wednesday as slower US employment and housing data supported expectations of a less hawkish policy stance by the Federal Reserve. The local currency closed at P54.475 versus the greenback on Wednesday, appreciating by 16.5 centavos from Tuesday’s P54.64 finish, data from the Bankers Association of the Philippines’ website […]
PHL shares rise on oil’s drop ahead of key data
STOCKS closed higher on Wednesday as global crude oil prices eased and ahead of the release of Philippine gross domestic product (GDP) data. The Philippine Stock Exchange index (PSEi) went up by 39.86 points or 0.56% to close at 7,081.36 on Wednesday, while the broader all shares index added 16.28 points or 0.44% to end […]
Philippine stocks climb on upbeat economic view
PHILIPPINE STOCKS posted gains on Wednesday on positive market sentiment after the Finance chief said economic growth is expected to remain robust this year. The bellwether Philippine Stock Exchange index (PSEi) went up by 80.82 points or 1.15% to close at 7,094.86 on Wednesday, while the broader all shares index added 34.59 points or 0.94% […]
Peso rises on BoJ decision, stock market’s gains
THE PESO strengthened against the dollar on Wednesday following the Bank of Japan’s (BoJ) decision to keep rates ultra-low and amid expectations that the Philippines will be among one of the fastest-growing economies in the region this year. The local unit closed at P54.62 per dollar on Wednesday, appreciating by 20 centavos from Tuesday’s finish […]
Local shares decline on inflation, rate hike bets
SHARES dropped on Wednesday ahead of release of December US consumer inflation data and expectations of rate hikes from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) in their first meetings of the year. The bellwether Philippine Stock Exchange index (PSEi) went down by 47.35 points or 0.7% to close at […]
PSEi up as factory activity hits 6-month high
PHILIPPINE SHARES continued to rise on Wednesday as local manufacturing activity improved in December, indicating a robust economy. The bellwether Philippine Stock Exchange index (PSEi) surged by 132.49 points or 2.01% to close at 6,718.50 on Wednesday, while the broader all shares index rose by 60.37 points or 1.73% to 3,537.07. “Stocks moved higher as […]
PSEi moves sideways as market waits for leads
STOCKS moved sideways on Wednesday due to a lack of fresh leads and with some investors picking up bargains as they stay on the sidelines. The benchmark Philippine Stock Exchange index (PSEi) inched up by 1.64 points or 0.02% to close at 6,566.54 on Wednesday, while the broader all shares index rose by 7.91 points […]
Russia says no Christmas ceasefire in Ukraine
KYIV — Russia ruled out a “Christmas ceasefire” after nearly 10 months of war in Ukraine and rejected a call by Kyiv to start withdrawing troops by Christmas as a step to end Europe’s biggest conflict since World War II. Russia and Ukraine are not currently engaged in talks to end the fighting, which is […]
Peso strengthens after US CPI release
THE PESO strengthened against the dollar on Wednesday after the recent release of positive US consumer inflation data. The local currency ended at P55.745 against the greenback, inching up by 15.50 centavos from Tuesday’s P55.90 close, data from the Bankers Association of the Philippines’ website showed. The peso opened the day’s session at P55.65 per […]
PSEi up on lower US inflation, before BSP meeting
LOCAL shares closed higher on Wednesday on lower-than-expected US inflation in November ahead of more economic data releases. The benchmark Philippine Stock Exchange index (PSEi) climbed by 32.69 points or 0.49% to close at 6,615.07 on Wednesday, while the broader all-shares index added 17.92 points or 0.52% to 3,449.57. “Philippine shares rose once again, propped […]
Peso rises on oil’s decline
THE PESO strengthened further against the dollar on Wednesday on lower global oil prices and better Philippine employment and factory data. The local currency ended at P55.45 against the greenback on Wednesday, surging by 52.5 centavos from P55.975-a-dollar close on Tuesday, based on data from the Bankers Association of the Philippines. The peso opened stronger […]
PSEi drops on profit taking, Wall Street’s decline
SHARES fell on Wednesday on profit taking, also tracking Wall Street’s decline and amid a lower labor force participation rate in the Philippines last month despite a decline in unemployment. The benchmark Philippine Stock Exchange index (PSEi) lost 149.22 points or 2.23% to close at 6,525.16 on Wednesday, while the broader all shares index decreased […]
Peso strengthens further vs the dollar on dovish Fed comments
THE PESO continued to strengthen against the dollar on Thursday following remarks from the US Federal Reserve chief that cemented market expectations of slower rate hikes moving forward. The local unit closed at P56.22 per dollar on Thursday, gaining 34 centavos from its P56.56 finish on Wednesday, based on Bankers Association of the Philippines data. […]
Shares rise on hopes of less aggressive rate hikes
PHILIPPINE STOCKS stayed in positive territory on Wednesday on hopes of smaller rate hikes from the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The Philippine Stock Exchange index (PSEi) gained 80.67 points or 1.25% to close at 6,510.32 on Wednesday, while the broader all shares index rose by 25.61 points or 0.75% […]
Peso returns to P56:$1 level as market awaits Fed meet minutes
THE PESO climbed to return to the P56-per-dollar level versus the greenback on Wednesday ahead of the release of the minutes of the US Federal Reserve’s latest policy meeting, which could provide hints on its next move. The local unit closed at P56.94 per dollar on Wednesday, surging by 43.5 centavos from its Tuesday finish […]