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CONTINUED HIKES. Concerns on the impact of the continued hikes in the Federal Reserve's key rates result in the decline of both the local stock barometer and the peso. The peso again posted a new all-time low against the US dollar, which economists said is a result of the continued strengthening of the US currency. (PNA graphics) MANILA - Fears on the impact of the Federal Reserve's tightening moves again hurt the local bourse on Wednesday, resulting in the negative close of the main index and the further weakening of the peso. The Philippine Stock Exchange index (PSEi) slid by 2.32 pe...

MIXED. The main stocks index recovers on Tuesday (Sept. 6, 2022) while the peso moves sideways albeit at its new record-low level against the US dollar. An economist said deceleration of the domestic inflation rate last August, a respite from its five-month climb, supported the local currency. (PNA graphics) MANILA - Local shares recovered on Tuesday but the peso moved sideways closing at the 57-level against the US dollar, the third consecutive day of depreciation. The Philippine Stock Exchange index (PSEi) gained 0.26 percent or 9.24 points, to 3,550.95 points. However, All Shares declined b...

MIXED. The main stocks index finishes the week up amid concerns over the growth impact of the Federal Reserve's key rate hike decisions. On the other hand, the peso posted its weakest level to date against the US dollar due to the strengthening of the greenback. (PNA graphics) MANILA - The main stocks index finished the week up amid worries over the hawkish Federal Reserve stance but the peso posted its weakest to date. The Philippine Stock Exchange index (PSEi) rose by 1.58 percent, or 104.37 points, to 6,692.65 points. All Shares followed after it rose by 1.44 percent, or 50.49 points, t...

FED RATE HIKES.The main stocks index starts September almost flat and the peso in negative territory as investors continue to worry about the impact of Federal Reserve rate hikes on the US economic output. This, as Federal Reserve officials continue to indicate more rate increases to address the elevated inflation rate. (PNA graphics) MANILA - The main equities index ended almost flat on Thursday after slipping for the past days due to recession fears in the United States, and the peso mirrored this performance. The Philippine Stock Exchange index (PSEi) rose by 0.07 percent, or 4.63 points, t...

MIXED. The main stocks index declines anew Wednesday (Aug. 31, 2022) as investors worry on the implications of further hikes in the Federal Reserve's key rates. Meanwhile, the peso finished the day sideways against the US dollar. (PNA graphics) MANILA - Jitters for more Federal Reserve rate hikes resulted in another negative close for the local bourse's main index on Wednesday, while the peso ended sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.59 percent, or 106.62 points, to 6,583.65 points. All Shares trailed after it declined by 1.35 percent, or 4...