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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...

MIXED. Investors took profit on Tuesday (Jan. 17, 2023) that resulted to the negative close of the Philippine Stock Exchange index (PSEi) a day after it rose to the 7,000-level. On the other hand, the peso kept its footing against the US dollar amidst correction. (PNA file photo) MANILA - Profit-taking took over the local bourse's main index on Tuesday resulting in its slip while the peso ended the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.45 perce...

Hopes for a strong output for the Philippine economy this year lifted the Philippine Stock Exchange index (PSEi) on Monday (Jan. 16, 2023). This, along with the deceleration of US inflation rate and hopes for smaller jumps in the Federal Reserve's key rates also buoyed the peso.(File photo) MANILA-Optimism on the domestic economy's performance this 2023 lifted the local bourse's main index above the 7,000-level on Monday, which, in turn, was mirrored by the peso. The Philippine Stock...

A financial data screen in Tokyo shows the U.S. dollar hitting the 144 yen level on Sept. 7, 2022. (Kyodo) TOKYO - The yen weakened to the 144 zone against the United States dollar on Wednesday, hitting a new 24-year low, as investors continued to sell the Japanese currency in anticipation of higher interest rates in the US. Tokyo stocks fell in the morning as investors grew concerned over a slowdown in the world's largest economy and the global economy as a result of the US Federal Reserve&...

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FED RATE HIKE. The local stock barometer recovers on Monday (April 25, 2022) as earnings report season starts, and on expectations for further hikes in the Federal Reserve's key rates. However, the peso weakened against the US dollar. (PNA file photo) MANILA - The main stock gauge started the week up on investors' anticipation for another increase in the Federal Reserve's key rates in May, but the peso weakened against the US dollar. After a slump at the end of last week's tradin...

DOWN ANEW. Profit-taking results in the negative close of the Philippine Stock Exchange index (PSEi) on Thursday (April 21, 2022). However, the peso gained against the US dollar. (PNA file photo) MANILA - The main stocks index slipped on Thursday after several days on the rise but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.13 percent, or 80.93 points, to 7,061.49 points. All Shares followed with a drop of 0.65 percent, or 24.59 points, to 3,752.54 po...

TRADING STRONGER. The local stock barometer surges Wednesday (April 20, 2022) on the back of stronger than expected US corporate earnings. The Philippine peso closed almost unchanged. MANILA - The Philippine Stock Exchange index (PSEi) ended Wednesday's trading stronger, while the local currency traded sideways. The PSEi closed the day's trading higher by 1.49 percent, or 104.68 points, to 7,142.42. All shares also rose by 0.91 percent to 3,777.13, up by 34.21 points, from Tuesday. Excep...

BARGAIN HUNTING. The local stock barometer rises on Tuesday (April 19, 2022) on bargain hunting amid rising commodity prices and interest rates. However, the peso weakened against the US dollar. (PNA file photo) MANILA - Bargain hunting lifted all counters in the local bourse on Tuesday amid rising commodity prices and interest rates, but the peso depreciated against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.60 percent, or 41.63 points, to 7,037.74 points. All Shares ju...