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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 the United States given its Independence Day holiday, while the peso moved sideways against the green...

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...

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. All Shares trailed with a decline of 0.34 percent, or 11.56 points, to 3,389.12 points. Half of the ...

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....

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 percent, or 21.26 points, to 6,238.82 points. All Shares followed with a jump of 0.44 percent, or 14.8...