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PROFIT-TAKING. Investors took profit on Thursday (Jan. 19, 2023), resulting in the decline of the Philippine Stock Exchange index (PSEi). The decline in the PSEi affected the peso but the latter was bouyed partly by the drop in US Treasury yield and the rise in the country's balance of payment surplus in December 2022. (File photo) MANILA -The local bourse's main index posted a correction on Thursday, partly on profit-taking, while the peso ended the day sideways, backed partly by expectations for lower hikes in the Federal Reserve's key rates. The Philippine Stock Exchange index (...

UP.Expectations for positive producer price index (PPI) and retail sales reports in the US for December 2022 further lifted the local bourse's main index on Wednesday (Jan. 18, 2023). Sustained rise of the main index, along with optimism about the domestic economy's 2023 output also buoyed the peso against the US dollar. (PNA file graphics) MANILA - Optimism on the United States' retail sales as well as domestic output this year lifted sentiments in the local bourse, which also benefited the local currency on Wednesday. The Philippine Stock Exchange index (PSEi) sustained its climb...

MIXED. Investors took profit on Tuesday (Jan. 17, 2023) that resulted to the negative close of the Philippine Stock Exchange index (PSEi) a day after it rose to the 7,000-level. On the other hand, the peso kept its footing against the US dollar amidst correction. (PNA file photo) MANILA - Profit-taking took over the local bourse's main index on Tuesday resulting in its slip while the peso ended the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.45 percent, or 31.44 points, to 7,014.04 points. All Shares also ended in the red with a drop of 0.47 percen...

Hopes for a strong output for the Philippine economy this year lifted the Philippine Stock Exchange index (PSEi) on Monday (Jan. 16, 2023). This, along with the deceleration of US inflation rate and hopes for smaller jumps in the Federal Reserve's key rates also buoyed the peso.(File photo) MANILA-Optimism on the domestic economy's performance this 2023 lifted the local bourse's main index above the 7,000-level on Monday, which, in turn, was mirrored by the peso. The Philippine Stock Exchange index (PSEi) gained 1.35 percent, or 93.94 points, to 7,045.48 points. All Shares rose by ...

A financial data screen in Tokyo shows the U.S. dollar hitting the 144 yen level on Sept. 7, 2022. (Kyodo) TOKYO - The yen weakened to the 144 zone against the United States dollar on Wednesday, hitting a new 24-year low, as investors continued to sell the Japanese currency in anticipation of higher interest rates in the US. Tokyo stocks fell in the morning as investors grew concerned over a slowdown in the world's largest economy and the global economy as a result of the US Federal Reserve's monetary tightening. The 225-issue Nikkei Stock Average fell 263.68 points, or 0.95 percent, f...