Page 7 - O 3 News Today

'WAIT AND SEE.' The wait-and-see stance before the release of the US June 2022 inflation rate, along with its impact on the Federal Reserve's rate, resulted in the negative close of the local bourse's main index on Wednesday (July 13, 2022). However, the peso took a breather after touching its almost 18-year low on Tuesday. (PNA file photo) MANILA - Risk-off sentiments reigned in the local bourse on Wednesday, resulting in the negative close of the main equities index, but the pe...

NEGATIVE CLOSE. Risk-off sentiments ahead of the release of the US' June 2022 inflation report, among others, resulted in the negative close of both the main stocks index and the peso on Tuesday (July 12, 2022). The local currency even touched its nearly 18-year low against the US dollar mid-trade. (PNA file photo) MANILA - Risk-off sentiments ahead of the release of the United States June 2022 inflation report weakened both the local stock barometer and the peso which closed to its nearly 1...

RECOVERY. The decline in the prices of commodities in the world market boosts sentiments and results in the positive close of both the Philippines' main equities index and the peso on Friday (July 8, 2022). Analysts said hints from the central bank of more aggressive rate hikes also contributed to positive sentiments during the day. (PNA file photo) MANILA - The Philippines' main stocks index recovered on Friday and the peso recovered to the 55-level against the US dollar partly on the d...

RECESSION WORRIES. Fears of a global recession result in the negative close of both the Philippines' main stocks index and the peso on Thursday (July 7, 2022). The peso even weakened to 56-level against the US dollar. (PNA file photo) MANILA - A more hawkish stance from the Federal Reserve, as shown by the minutes of the Federal Open Market Committee's (FOMC) meeting last June, ended the local bourse's main index's rally on Thursday and further weakened the peso. After rising for...

RALLY. Philippines' stocks gauge rises anew on Wednesday (July 6, 2022) due in part to the decline in US' 10-year Treasury yield. However, the peso weakened against the US dollar because of the strengthening of the greenback. (PNA file photo) MANILA - The rally of United States stocks overnight boosted the local stock barometer on Wednesday, but the peso depreciated against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 2.14 percent, or 135.02 points, to 6,445.01 point...

LACK OF DRIVERS. Both the Philippine Stock Exchange index (PSEi) and the peso finish Monday (July 5, 2022) up despite lack of drivers from the US because of the Independence Day holiday. Among the factors seen to drive the financial markets this week included the minutes of the Federal Open Market Committee (FOMC) meeting last June and the Philippines' June 2022 inflation rate. (PNA file photo) MANILA - The main stocks index started the week on a positive note amid the lack of drivers from t...

AFFECTED. Global growth concerns and the hikes in the Federal Reserve rate continue to affect the Philippines main equities index. However, the peso managed to keep its footing against the US dollar and finished the day at 54-level after dipping to 55-level a day ago. (PNA file photo) MANILA - Global economic growth concerns and Federal Reserve's key rate decisions again hit the main equities index but the local currency managed to end sideways against the US dollar after ending the day at 5...

HEALTHY CORRECTION. Both the main equities index and the peso end Wednesday (June 29, 2022) down after a recent rally. An economist traced this to a healthy correction as the US dollar strengthens. (PNA file photo) MANILA - Both the main equities index and the peso weakened on Wednesday, with the local currency dipping to 55-level due to the correction in the local bourse. After a three-day rally, the Philippine Stock Exchange index (PSEi) lost 0.67 percent, or 42.22 points, to 6,303.19 points. ...

POSITIVE ECONOMIC REPORTS. Both the Philippine Stock Exchange index (PSEi) and the local currency finish higher Tuesday (June 28, 2022), lifted by positive economic reports from the US. For one, durable goods orders surpassed expectations after rising by 0.7 percent last May. (PNA file photo) MANILA - Gains in the local bourse continued on Tuesday following the release of several economic reports in the United States while the peso kept its footing after days of depreciation against the US dolla...

RISK-ON SENTIMENTS. Regained risk-on sentiments allow the main stocks index to improve anew on Monday (June 27, 2022). The peso registered correction against the US dollar despite touching the 55-level mid-trade. (PNA file photo) MANILA - The main equities index sustained its recovery on Monday and the peso registered a correction against the greenback in line with its counterparts in the region despite touching the 55-level mid-trade. The Philippine Stock Exchange index (PSEi) gained by 0.34 pe...