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SLIP. The latest rate hike in the Federal Reserve's key rates resulted in the negative close of both the Philippines' main stocks gauge and the peso on Friday (June 17, 2022). An economist said investors are expecting more aggressive cuts in the Fed rates to tame the accelerating inflation in the US. (PNA graphics) MANILA - Expectations for more aggressive hikes in the Federal Reserve's key rates, after the 75 basis points increase this week, resulted in the negative close of the Philippines' main equities index and the peso on Friday. The Philippine Stock Exchange index (PSEi)...

75 BASIS POINTS. The main stocks index rises on Thursday (June 16, 2022), bouyed by the 75 basis points jump in the Federal Reserve's key rates. The peso also kept its footing against the US dollar despite the rate hike. (PNA file photo) MANILA - Risk-on sentiments buoyed the main equities index on Thursday while the peso finished the day sideways against the greenback following the 75 basis points increase in the Federal Reserve's key rates. The Philippine Stock Exchange index (PSEi) rose by 1.16 percent, or 73.59 points, to 6,393.01 points. All Shares followed with a jump of 0.75 per...

RATE DECISION. The Philippine Stock Exchange index (PSEi) and the peso weaken on Wednesday (June 15, 2022) ahead of the rate decision announcement of the Federal Reserve. The Fed is expected to announce a more aggressive rate hike due to further acceleration of the US' consumer price index (CPI) last May. (PNA file photo) MANILA - Investors' wait-and-see stance on the Federal Reserve's policy rate decision, which is widely expected to be a hike, resulted in the negative close of the main equities index and the peso on Wednesday. The Philippine Stock Exchange index (PSEi) shed 2.40 ...

BARGAIN HUNTING. The main stocks index recovered on Tuesday (June 14, 2022) due to bargain hunting ahead of the Federal Open Market Committee's (FOMC) June 14-15, 2022 meeting. The peso, meanwhile, ended the day sideways against the US dollar.(PNA file photo) MANILA - The local stock barometer recovered on Tuesday due to bargain hunting, while the peso finished the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) increased by 0.12 percent, or 7.52 points, to 6,474.53 points. All Shares fell by 0.11 percent, or 3.88 points, to 3,471.05 points. Most of the secto...

ANOTHER SLIDE. The rise in the US inflation rate last May to its highest since 1981 resulted in another slide for the Philippines' main equities index on Monday (June 13, 2022). The peso finished sideways against the US dollar. (PNA file photo) MANILA - The local bourse finished lower at the start of the week on Monday after another surge in the United States' inflation rate last May, while the peso closed sideways although at the 53-level against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.97 percent or 63.03 points, to 6,467.01 points. All Shares slipped by 1.05 ...