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AHEAD OF POLICY MEETING. The local stock barometer slipped while the peso weakened on Monday (Feb. 13, 2023) as investors stayed at the sidelines ahead of the policy meeting of the Bangko Sentral ng Pilipinas (BSP) on Feb. 16, 2023. Analysts and economists expect the BSP's rates to be hiked by at least 25 basis points. (PNA graphics) MANILA - The local bourse's main index ended Monday in the negative territory ahead of the rate setting meeting of the Bangko Sentral ng Pilipinas (BSP) later in the week, while the peso weakened against the United States dollar. The Philippine Stock Excha...

PNA graphics MANILA - Local shares fell on Thursday as investors engaged in profit taking, expecting a hawkish statement from the United States Federal Reserve System and softer growth of the country's manufacturing sector. The Philippine Stock Exchange index (PSEi) declined by 1.16 percent, or 80.29 points to 6,842.79, with all shares also decreasing by 0.86 percent, or 31.51 points, to 3,643.50. Rizal Commercial Banking Corp. (RCBC) economist Michael Ricafort said the decline in the local bourse is "consistent with the overnight declines in the US stock markets". Ricafort said ...

EASING INFLATION. Decelerating consumer price index (CPI) in the US, which Federal Reserve Chair Jerome Powell cited in his speech on Tuesday (Feb. 8, 2023), helped appease investors' sentiment that resulted in the recovery of the local stock barometer on Wednesday. This development also lifted the peso against the US dollar during the day. (PNA file photo) MANILA - The local bourse's main index recovered on Wednesday after Federal Reserve Chair Jerome Powell noted the decelerating United States consumer price index (CPI), while the peso gained to a greenback. The Philippine Stock Exch...

DOWN. The higher-than-expected January 2023 domestic inflation rate of 8.7 percent resulted in another decline of both the Philippine Stock Exchange index (PSEi) and the peso on Tuesday (Feb. 7, 2023). Economists said geopolitical issues between the US and China and anticipations on the path of the Federal Reserve's key rates also affected both the equities and the currency markets. (PNA graphics) MANILA - The local bourse's main index declined anew on Tuesday partly due to acceleration in domestic inflation rate to 14-year high of 8.7 percent last January, and this performance was mir...

WEAKER. Anticipation for the release of the January 2023 report on Tuesday (Feb. 7, 2023) resulted in the negative close of the local bourse's main index and the peso on Monday. The inflation rate was projected to have reached its highest so far last December when it accelerated to 8.1 percent, the highest since November 2008. (PNA graphics) MANILA - The local bourse's main index closed lower Monday ahead of the release of the January 2023 inflation report while the peso slipped to 54-level, which has been traced to correction against the United States dollar. After rising several days...