THE PHILIPPINES posted 1,206 coronavirus infections in the past week, with a daily average of 172, health authorities said on Monday. The average for Jan. 23 to 29 was 36% lower than a week earlier, the Department of Health (DoH) said in a bulletin. Of the new cases, only one was severe and critical. DoH […]
Tag: week
Stocks may drop ahead of US central bank meet
PHILIPPINE SHARES may go down ahead of the US Federal Reserve’s policy review and due to profit taking as investors wait for more leads. The bellwether Philippine Stock Exchange index (PSEi) went up by points or 0.13% to close at 7,052.16 on Friday, while the broader all shares index added 4.74 points or 0.12% to […]
Peso may climb due to broad dollar weakness
THE PESO may strengthen this week amid the dollar’s sustained weakness and ahead of the US Federal Reserve’s policy meeting. The local unit closed at P54.47 per dollar on Friday, weakening by seven centavos from its P54.40 finish on Thursday, data from the Bankers Association of the Philippines’ website showed. Week on week, the peso […]
Peso seen to move sideways vs dollar
THE PESO may continue to move sideways this week as investors await the US Federal Reserve’s next move. The local unit closed at P54.54 per dollar on Friday, strengthening by nine centavos from its P54.63 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, the peso strengthened by 35 centavos from […]
PSEi to stay at 7,000 level ahead of GDP report
THE MAIN INDEX may move sideways this week and remain at the 7,000 level as investors await the release of full-year 2022 gross domestic product (GDP) data and corporate earnings. The 30-member Philippine Stock Exchange index (PSEi) went down by 5.39 points or 0.07% to close at 7,056.52 on Friday, while the broader all shares […]
PSEi to move sideways on profit taking, rate bets
LOCAL SHARES may drop to start this week as investors pocket gains from their recent rally, but lower consumer inflation in the United States, which could lead to slower tightening by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), may provide support. The bellwether Philippine Stock Exchange index (PSEi) went up by […]
COVID-19 cases drop 9% in 1st week of Jan.
THE PHILIPPINES posted 3,127 new coronavirus infections in the previous week with a daily average of 447, according to health authorities. The daily average from Jan. 2 to 6 was 9% lower than the average cases per day from a week earlier, the Department of Health (DoH) said in a bulletin on Monday. Of the […]
Peso may move sideways amid data releases
THE PESO may move sideways against the dollar this week, with the market to monitor data at home and in the United States for leads. The local unit closed at P55.64 per dollar on Friday, strengthening by 11 centavos from its P55.75 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, […]
PHL shares may move sideways ahead of US CPI
LOCAL SHARES are expected to move sideways this week ahead of the release of US consumer price index (CPI) data, which could solidify expectations of more US Federal Reserve rate hikes this year. The bellwether Philippine Stock Exchange index (PSEi) went down by 93.36 points to close at 6,667.97 on Friday, while the broader all […]
Peso to move sideways ahead of data releases
THE PESO is expected to move sideways to start 2023 as the market waits for leads. The local currency closed at P55.755 versus the greenback on Dec. 29, up by 44.50 centavos from its P56.20 finish on Dec. 28, data from the Bankers Association of the Philippines showed. Week on week, the peso weakened by […]
PHL stocks may rise on bullish economic outlook
PHILIPPINE SHARES may climb this week amid thin trading after the holidays as investors expect a better year for corporates and the economy in 2023. The bellwether Philippine Stock Exchange index (PSEi) inched down by 0.15 point to close at 6,566.39 on Dec. 29, while the broader all shares index rose by 12.71 points or […]
Stocks to move sideways as year comes to a close
PHILIPPINE STOCKS may move sideways in the last trading week of the year as investors price in economic concerns that may linger in 2023. The bellwether Philippine Stock Exchange index (PSEi) declined by 35.91 points or 0.54% to close at 6,541.03 on Friday, while the broader all shares index lost 9.79 points or 0.28% to […]
Peso seen to move sideways on holiday spending
THE PESO is expected to move sideways this week on the further increase of holiday spending, especially as trading reaches the tail-end of the season. The local unit closed at P55.15 per dollar on Friday, weakening by six centavos from its P55.09 finish on Thursday, Bankers Association of the Philippines data showed. However, week on […]
PHL shares dip on rate fears, Wall Street decline
LOCAL shares snapped out of their rally on Friday mirroring Wall Street’s decline on Thursday amid fears that central banks’ rate hikes could lead to an economic downturn. The bellwether Philippine Stock Exchange index (PSEi) declined by 35.91 points or 0.54% to close at 6,541.03 on Friday, while the broader all-shares index lost 9.79 points […]
Bargain hunting seen amid Fed, BSP rate bets
THE MARKET may see bargain hunting this week due to dampened investor sentiment and expectations of further interest rate hikes. On Friday, the benchmark Philippine Stock Exchange index (PSEi) fell by 70.30 points or 1.07% to end at 6,496.50 points, while the broader all shares index went down 30.76 points or 0.89% to close at […]
Peso likely to move sideways on rate hike bets
THE PESO is expected to move sideways against the dollar this week as both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) are likely to continue hiking rates to bring down inflation. The local unit closed at P55.56 per dollar on Friday, rising by 12.5 centavos from its P55.685 finish on Thursday, […]
Metro Manila logs highest COVID cases on Dec. 17
THE CAPITAL region Metro Manila recorded the most number of new coronavirus disease 2019 (COVID-19) infections among all areas nationwide on Dec. 17, pandemic monitoring group OCTA said on Sunday. The National Capital Region (NCR), whose positivity rate had increased recently, accounted for 471 of the 1,196 cases recorded on Saturday, OCTA fellow Fredegusto P. […]
Trident Crypto Participated in the Dubai DIFC FinTech Week and received massive attention from delegates
New York, NY, December 16, 2022 – (SEAPRWire) – Trident Crypto, the crypto arm of Trident Suite, which is a leading financial automation service serving global users for since 2007, attended the DIFC FinTech Week, a thought-leadership-driven, business-focused summit that dives deep into the latest challenges and technology trends in the Middle East financial services sector. The event […]
Volatile trading seen ahead of Fed, BSP meetings
PHILIPPINE STOCKS may see a volatile trading week ahead of the policy meetings of both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The bellwether Philippine Stock Exchange index (PSEi) added 54.96 points or 0.84% to close at 6,580.12 on Friday, while the broader all shares index increased by 11.54 points or […]
Peso may continue to climb vs dollar ahead of central bank meetings
THE PESO may continue to climb against the dollar this week in anticipation of rate hikes from the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), as well as the release of US consumer inflation data. The local unit closed at P55.37 per dollar on Friday, strengthening by eight centavos from its P55.45 […]