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HIGHER. The Philippines' main equities index ended Friday (Feb. 3, 2023) up partly on positive earnings report of local and US-based listed firms. The peso gained further against the US dollar and posted a new low in more than seven months on the back of the improvement in the PSEi, the drop in the country's liabilities, and the general weakness of the US dollar. (PNA graphics) MANILA - Positive earnings reports of listed firms here and in the United States helped boost the local bourse&...

UP. Amidst inflation concerns, among others, the Philippine Stock Exchange index (PSEi) recovered and finished Wednesday (Feb. 1, 2023) up. The local currency gained against the US dollar even ahead of the rate decision announcement by the Federal Reserve. (PNA graphics) MANILA - Risk-on sentiments returned to the local financial market on Wednesday amid inflation concerns, among others, and allowed both the main equities index and the peso to close the day with gains. After several days of slid...

WEAKER. Both the Philippine Stock Exchange index (PSEi) and the peso ended weaker on Tuesday (Jan. 31, 2023) as the Federal Open Market Committee (FOMC) started its two-day meeting. The Federal Reserve is expected to announce a 25 basis points increase on its key rates on Feb. 1 (Manila time). (PNA graphics) MANILA - Investors stayed at the sidelines on Tuesday as the Federal Open Market Committee (FOMC) started its two-day meeting, resulting in the negative close of both the local bourse's ...

EXPANSION. The Philippine Stock Exchange index (PSEi) gained on Friday (Jan. 27, 2023) after the better-than-expected growth of the US economy in the last quarter of 2022, as well as the higher-than-expected full-year output of the Philippine economy last year. On the other hand, correction resulted in the sideways close of the peso against the US dollar. (PNA graphics) MANILA - The higher-than-expected expansion of the domestic economy and the United States last year lifted sentiments and helpe...

DIFFERENT DIRECTIONS. Within-expected growth of the domestic economy in the last quarter of 2022 factored in the day's equities trading although investors' appetite was primarily driven by wait-and-see stance for more corporate earnings reports by listed firms in the local bourse and the US. On the other hand, the peso gained against the US dollar. (PNA graphics) MANILA - The local stock barometer ended Thursday down as investors monitored corporate earnings reports of listed firms both ...

DIFFERENT DIRECTIONS. The local bourse's main index and the peso post corrections on Wednesday (Jan. 25, 2023) due partly to external factors. However, while the Philippine Stock Exchange index rose, the local currency weakened against the US dollar. (PNA graphics) MANILA - The local stock barometer recovered on Wednesday on positive earnings report from the United States but the peso weakened against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.57 percent, or 39.86 po...

MIXED. The Philippine Stock Exchange index (PSEi) finishes Tuesday (Jan. 24, 2023) in the negative territory on more signs of weaker output for the United States economy this year. However, the peso gained against the US dollar on general weakness of the greenback. (PNA graphics) MANILA - Signs of slowing United States economy resulted in a slip of the local stock barometer on Tuesday but the peso posted an improvement against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.40 p...

RESILIENT. The Philippines' main stock index ended up Monday amidst the trading holiday in Asian markets due to the Chinese New Year. The peso also kept its footing and ended flat against the US dollar partly due to dovish statements from Philippine and US monetary authorities as well as the rise of the Philippine Stock Exchange index (PSEi). (PNA file photo) MANILA - The local bourse managed to end higher in the week's first trading day amidst the suspension of trading in Asia due to th...

PROFIT-TAKING. Investors took profit on Thursday (Jan. 19, 2023), resulting in the decline of the Philippine Stock Exchange index (PSEi). The decline in the PSEi affected the peso but the latter was bouyed partly by the drop in US Treasury yield and the rise in the country's balance of payment surplus in December 2022. (File photo) MANILA -The local bourse's main index posted a correction on Thursday, partly on profit-taking, while the peso ended the day sideways, backed partly by expect...

UP.Expectations for positive producer price index (PPI) and retail sales reports in the US for December 2022 further lifted the local bourse's main index on Wednesday (Jan. 18, 2023). Sustained rise of the main index, along with optimism about the domestic economy's 2023 output also buoyed the peso against the US dollar. (PNA file graphics) MANILA - Optimism on the United States' retail sales as well as domestic output this year lifted sentiments in the local bourse, which also benef...