Eeking Clues On The Size Of Rate Hike That 39s Likely Forthcoming Markets Expect Lower Than 75 Basis Points Increase In Fed Key Rates Each Meetings This Year Partly Due To Slowdown Inflation World Largest Economy Local Front News Today : Breaking News, Live Updates & Top Stories | Vimarsana

RECESSION FEARS. Philippines' main stocks index ended the week sideways after rising to the 7,000-level in the middle of this week as investors continue to see sustained hikes in the Federal Reserve's key rates this year. Relativey, recession fears, among others, affected the peso's trading with the US dollar this week despite the depreciation of the greenback against other major currencies. (PNA graphics) MANILA -Both the local bourse's main index and the peso ended the week sideways as their US counterparts weaken on signs of recession, among others, in the world's largest economy. The Philippine Stock Exchange index (PSEi) shed 0.08 percent, or 5.39 points, to 7,056.62 points. All Shares followed with drop of 0.10 percent, or 3.82 points to 3,682.86 points. Half of the sectoral gauges also finished the week on the red namely Services, 0.85 percent; Industrial, 0.54 percent; and Financials, 0.44 percent. On the other hand, Mining and Oil rose by 1.32 percent, Prop ....

San Carlos , Negros Occidental , United States , Michael Ricafort , Bangko Sentral , Luis Limlingan , Rizal Commercial Banking Corporation , Holding Firms , Regina Capital Development Corporation , Federal Reserve , Philippine Stock Exchange , West Texas Intermediate , Commercial Banking Corporation , Recession Fears Philippines 39 Main Stocks Index Ended The Week Sideways After Rising To 7 , 000 Level In The Middle Of This Week As Investors Continue To See Sustained Hikes Federal Reserve 39s Key Rates Year Relativey , Recession Fears , Mong Others , Ffected The Peso 39s Trading With Us Dollar This Week Despite Depreciation Of Greenback Against Other Major Currencies Pna Graphics Manila Both Local Bourse Main Index And Ended Sideways As Their Counterparts Weaken On Signs Recession , N The World 39s Largest Economy Philippine Stock Exchange Index Psei Shed 0 08 Percent , R 5 39 Points , O 7 , 056 62 Points All Shares Followed With Drop Of 0 10 Percent , R 3 82 Points To , 682 86 Points Half Of The Sectoral Gauges Also Finished Week On Red Namely Services , Ining And Oil Rose By 1 32 Percent , Roperty By 0 83 Percent ,