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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 54-level. The Philippine Stock Exchange index (PSEi) shed by 2.34 percent, or 147.76 points, to 6,155...

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 dollar. The Philippine Stock Exchange index (PSEi) increased by 1.71 percent, or 106.59 points, to 6,345....

KEY RATE HIKES. Both the Philippine main equities index and the peso post negative close on Tuesday (June 21, 2022) as investors anticipate additional hikes in the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve's key rates. This, as inflation rates in both the Philippines and the United States continue to accelerate. MANILA - Anticipations for additional hikes in the Federal Reserve's key rates and the correction in US Treasury yields mainly pulled down the main equities index and the peso on Tuesday. After managing to keep its footing on Monday, the Philippine Stock Exchang...