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'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 peso managed to close sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed ...

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 18-year low on Tuesday. The Philippine Stock Exchange index (PSEi) shed 0.61 percent, or 38.7 points,...

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 decline of commodity prices in the international market. The Philippine Stock Exchange index (PSEi) r...

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 several days, the Philippine Stock Exchange index (PSEi) shed 1.44 percent, or 92.69 points, to 6,3...

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 points. All Shares followed with a jump of 1.30 percent, or 44.20 points, to 3,442.90 points. Most of the...