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PSE index slips on US yields, geopolitical tension

STOCKS FELL on Wednesday, following the downtrend in regional markets caused by rising US Treasury yields along with fresh geopolitical tension in the region. The bellwether Philippine Stock Exchange index (PSEi) dropped to the 7,700 level intraday before trimming losses at the closing bell, finishing 0.20% or 16.41 points lower to 7,869.56. The broader all-shares […] The post PSE index slips on US yields, geopolitical tension appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMay 16th, 2018

Stocks slide amid fresh Middle East tension

Stock prices fell on Wednesday, May 9, as investors fled the markets following geopolitical tensions in the Middle East. The bellwether Philippine Stock Exchange index shed 0.29% or 22.30 points to close at 7,555.27 on Wednesday. The broader all shares index also dipped 0.19% or 8.84 points to 4,620.49. “Local equities were affected by (United […] The post Stocks slide amid fresh Middle East tension appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2018

PSEI tries to cling to once familiar 8,000 mark

  Defying the downturn across regional markets, the local stock barometer retested the 8,000 mark on Thursday as foreign investors started picking up large-cap stocks. The main-share Philippine Stock Exchange index (PSEi) gained 99.14 points or 1.25 percent to close at 8,043.07. Elsewhere in the region, stock markets mostly faltered on fresh geopolitical tension in the Middle East alongside worries on the US Federal Reserve's increasing bias for monetary tightening. "In terms of technicals, 8,050 remains to be a formidable level to beat," Papa Securities said. "Momentum as shown by RSI (relative strength index) also remains weak and until any major development, th...Keep on reading: PSEI tries to cling to once familiar 8,000 mark.....»»

Category: newsSource:  inquirerRelated NewsApr 12th, 2018

Philippines: bad for business, hotbed for journo murders | Evening wRap

  Today on Rappler: PH slips 11 notches in World Bank's ease of doing business ranking OFW saved from UAE death row reunites with family in PH Despite improved status, PH ranks 5th on Global Impunity Index Big turnout of 'Googlers' at headquarters in global protest.....»»

Category: newsSource:  rapplerRelated NewsNov 2nd, 2018

PSEi tracks regional drop, falls to 7,197.62

THE stock market retreated on Tuesday as investors took profits amid a regional decline blamed on rising geopolitical risks. The Philippine Stock Exchange index (PSEi) fell by 0.53 percent or...READ MORE The post PSEi tracks regional drop, falls to 7,197.62 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 24th, 2018

PSE index hits lowest since early January

The local stock barometer slid below the critical 7,000 support level yesterday as foreigners dumped local equities for the 31st straight trading day amid a global bloodbath widely described as "Red October."   The main-share Philippine Stock Exchange index (PSEi) tumbled by 116.76 points, or 1.67 percent to close at 6,884.38.   The index hit as low as 6,790.58 for the day but recouped some losses. Nonetheless, this marked the PSEi's lowest finish since Jan. 3 this year. Local equities have seen consecutive sessions of foreign outflows starting Aug. 30 this year.   "A risk-off tone gripped financial markets, with the rise in [US] treasury yields and fresh...Keep on reading: PSE index hits lowest since early January.....»»

Category: newsSource:  inquirerRelated NewsOct 12th, 2018

PH market slips to bear territory

The local stock market slipped to bear territory on Wednesday as local inflation jitters escalated in the aftermath of Typhoon 'Ompong.' The Philippine Stock Exchange index (PSEi) tumbled.....»»

Category: newsSource:  philippinetimesRelated NewsSep 20th, 2018

Peso slips past P54 vs dollar

The local currency, the peso, slipped further against the dollar, dropping to a fresh 13-year low of P54.13 on Wednesday coming from Tuesday’s close at P53.94. This was the lowest the peso has been since 2 December 2005’s closing rate of P54.115. “The peso depreciated today amid escalating US-China trade tension, with China saying that […].....»»

Category: newsSource:  tribuneRelated NewsSep 12th, 2018

Trump, EU trade talks excite markets; PSEi rushes past 7,600 level

The stock barometer rallied to the 7,600 level yesterday as foreign funds started flowing back to large-cap stocks while global trade tension eased. The main-share Philippine Stock Exchange index (.....»»

Category: newsSource:  philippinetimesRelated NewsJul 27th, 2018

Grappling for direction

Last Monday was a bloodbath that dragged down the Philippine Stock Exchange index (PSEi) to a 14-month low at 7,414.11. The fall continued on Tuesday with the market closing again lower at 7,312.61 following the global sell-off due to the increasing tension in the brewing trade war between the US and China wherein US President [...] The post Grappling for direction appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 21st, 2018

Hot money back to net outflow on peso, inflation worries

MORE FOREIGN FUNDS left the Philippines in May, capping two months of net inflows, amid global geopolitical tensions and higher yields in the United States, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. The post Hot money back to net outflow on peso, inflation worries appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 14th, 2018

Stocks snap losing streak on MSCI, easing tensions

THE MAIN INDEX snapped its three-day losing streak on Thursday, ending the month of May on a positive note, as investors focused on the MSCI rebalancing and easing geopolitical concerns. The post Stocks snap losing streak on MSCI, easing tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 31st, 2018

Stocks end slightly lower in thin trade

Philippine stocks closed slightly lower on Monday mainly as investors stayed on the sidelines given geopolitical uncertainties overseas. The benchmark Philippine Stock Exchange Index (PSEi) was dow.....»»

Category: newsSource:  philippinetimesRelated NewsMay 29th, 2018

PSEi slips by 0.19%

The local stock barometer started the week on a sluggish note, weighed down most by the financial counter. The main-share Philippine Stock Exchange index (PSEi) slipped by 14.23 points or 0.19 perc.....»»

Category: newsSource:  philippinetimesRelated NewsMay 22nd, 2018

Peso likely to weaken vs dollar as geopolitical issues continue

THE PESO is seen to inch lower this week as the dollar is expected to “firm up” amid geopolitical concerns abroad. On Friday, the peso slid to P52.33 versus the greenback from Thursday’s finish of P52.27 as rising US Treasury yields supported the dollar. Week on week, the peso also fell from its P52.19 finish […] The post Peso likely to weaken vs dollar as geopolitical issues continue appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 20th, 2018

PSEi declines to 7,600 level on higher US yields

THE MAIN INDEX fell back to the 7,600 level on Thursday as investors moved out of equities in favor of higher Treasury yields. The bellwether Philippine Stock Exchange index (PSEi) plunged 2.22% or 175.44 points to close at 7,694.12. The broader all-shares index likewise gave up 1.60% or 76.06 points to 4,678.74. Eagle Equities, Inc. […] The post PSEi declines to 7,600 level on higher US yields appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 17th, 2018

Peso edges lower vs dollar

THE PESO traded sideways versus the dollar yesterday as markets took a wait-and-see stance on the path of Treasury yields in the United States as well as geopolitical tensions. The local unit closed at P52.285 against the greenback, barely changed from its P52.29 finish on Tuesday. The peso opened weaker at P52.37-per-dollar and touched P52.40 […] The post Peso edges lower vs dollar appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2018

China will of course merely ignore you

GIL H. A. SANTOS THE latest geopolitical development in the tension-filled South China Sea is Beijing's installation of ballistic missiles launching pads in three atolls in the West Philippine.....»»

Category: newsSource:  philippinetimesRelated NewsMay 7th, 2018

PSE index sinks to 7,500 level on rising US yields

THE MAIN INDEX dropped to the 7,500 level on Wednesday, tracking global markets spooked by the continued rise in US yields. The Philippine Stock Exchange index (PSEi) failed to hold early morning gains as it dropped 0.55% or 42.45 points to close at 7,557.91 Wednesday, Apr. 25, marking a fifth consecutive day of decline. The […] The post PSE index sinks to 7,500 level on rising US yields appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 25th, 2018

PSEi to continue struggle amid lack of fresh leads

WHILE TRADERS turn to inflation figures of the United States and its heating trade tension with China, the main index is expected to struggle to breach the 8,100 mark this week amid the lack of fresh leads. The local bellwether Philippine Stock Exchange index (PSEi) dropped 0.95% or 76.5 points to 7,945.66 points on Friday. Week […] The post PSEi to continue struggle amid lack of fresh leads appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 9th, 2018

Asian stocks fall after US tech slump, yen slips

Equities in Asia declined after a sell-off in technology shares spooked investors assessing threats to earnings growth for the industry that propelled last year’s rally. The yen slipped and 10-year U.S. yields consolidated below 2.8 percent. Stocks retreated across the region, with Samsung Electronics Co. and Tencent Holdings Ltd. the biggest decliners on the MSCI […] The post Asian stocks fall after US tech slump, yen slips appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 2018