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LACK OF CATALYSTS. The lack of positive catalysts to drive a market rally resulted in the negative close of the Philippine Stock Exchange index (PSEi) on Wednesday (Feb. 22, 2023). The peso tracked the main index due to geopolitical issues overseas. (PNA graphics) MANILA - The local stock barometer closed lower on Wednesday amid a lack of positive catalysts to drive a market rally while the peso trailed behind. The Philippine Stock Exchange index (PSEi) shed 1.50 percent, or 101.73 points, to 6,...

WAIT-AND-SEE STANCE. Concerns on elevated inflation rate and the rate adjustment decisions by monetary authorities here and in the United States resulted in the negative close of both the local bourse's main index and the peso on Friday (Feb. 17, 2023). Economists said investors remain on wait-and-see stance for the key rate decisions of the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve, both of which are expected to raise their respective rates by at least 50 basis points this y...

SIDEWAYS. Both the Philippine Stock Exchange index (PSEi) and the peso finished trade sideways on Thursday (Feb. 16, 2023) despite the higher-than-expected expansion in US' retail sales last January. Anticipations for further hikes in the Federal Reserve and the Bangko Sentral ng Pilipinas' (BSP) key rates also continued to factor in the daily trading. (PNA graphics) MANILA - Both the local bourse's main index and the peso ended Thursday sideways amidst the higher-than-expected Janua...

AHEAD OF BSP RATE DECISION. The main equities index recovered on Wednesday (Feb. 15, 2023) even with anticipations for the rate decision of the Bangko Sentral ng Pilipinas (BSP) on Thursday and the higher-than-expected rise of US' January 2023 inflation rate. However, the peso slipped against the US dollar and closed the day at the 55-level. (PNA graphics) MANILA - The local stock barometer recovered on Thursday amid the rise in the United States consumer price index (CPI) for January 2023 w...

MIXED. The local stock barometer ended Tuesday (Feb. 14, 2023) down anew ahead of the policy rate setting meeting of the Bangko Sentral ng Pilipinas' (BSP) Monetary Board (MB) on Thursday (Feb. 16). On the other hand, the peso managed to keep its footing against the US dollar and ended the day sideways. (PNA graphics) MANILA - Risk-off sentiments resulted in another negative close of the local bourse's main index on Tuesday while the local currency ended sideways against the US dollar. T...

AHEAD OF POLICY MEETING. The local stock barometer slipped while the peso weakened on Monday (Feb. 13, 2023) as investors stayed at the sidelines ahead of the policy meeting of the Bangko Sentral ng Pilipinas (BSP) on Feb. 16, 2023. Analysts and economists expect the BSP's rates to be hiked by at least 25 basis points. (PNA graphics) MANILA - The local bourse's main index ended Monday in the negative territory ahead of the rate setting meeting of the Bangko Sentral ng Pilipinas (BSP) lat...

PNA graphics MANILA - Local shares fell on Thursday as investors engaged in profit taking, expecting a hawkish statement from the United States Federal Reserve System and softer growth of the country's manufacturing sector. The Philippine Stock Exchange index (PSEi) declined by 1.16 percent, or 80.29 points to 6,842.79, with all shares also decreasing by 0.86 percent, or 31.51 points, to 3,643.50. Rizal Commercial Banking Corp. (RCBC) economist Michael Ricafort said the decline in the local ...

EASING INFLATION. Decelerating consumer price index (CPI) in the US, which Federal Reserve Chair Jerome Powell cited in his speech on Tuesday (Feb. 8, 2023), helped appease investors' sentiment that resulted in the recovery of the local stock barometer on Wednesday. This development also lifted the peso against the US dollar during the day. (PNA file photo) MANILA - The local bourse's main index recovered on Wednesday after Federal Reserve Chair Jerome Powell noted the decelerating Unite...

DOWN. The higher-than-expected January 2023 domestic inflation rate of 8.7 percent resulted in another decline of both the Philippine Stock Exchange index (PSEi) and the peso on Tuesday (Feb. 7, 2023). Economists said geopolitical issues between the US and China and anticipations on the path of the Federal Reserve's key rates also affected both the equities and the currency markets. (PNA graphics) MANILA - The local bourse's main index declined anew on Tuesday partly due to acceleration ...

WEAKER. Anticipation for the release of the January 2023 report on Tuesday (Feb. 7, 2023) resulted in the negative close of the local bourse's main index and the peso on Monday. The inflation rate was projected to have reached its highest so far last December when it accelerated to 8.1 percent, the highest since November 2008. (PNA graphics) MANILA - The local bourse's main index closed lower Monday ahead of the release of the January 2023 inflation report while the peso slipped to 54-le...