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PSEi retreats below 8000 on geopolitical tensions

The stock market retreated yesterday, closing again at below the 8,000 mark on geopolitical concerns, analysts said......»»

Category: financeSource: philstar philstarApr 16th, 2018

Market to remain volatile amid overseas tensions

VOLATILITY may prevail in the week ahead, following the Philippine Stock Exchange index’s (PSEi) sharp decline last week due to a mix of geopolitical concerns and fears of an overheating economy.  The bellwether PSEi ended 0.57% or 44.48 points higher to 7,726.72 last Friday, managing to eke out gains after its steep fall on Thursday. The […] The post Market to remain volatile amid overseas tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 2018

PSEi retreats to 7,800 level

The local stock barometer pulled back sharply on Friday as foreign investors resumed their selldown of local equities. The main-share Philippine Stock Exchange index (PSEi) slid by 143.09 points or 1.78 percent to close at 7,899.98. Regional markets were mixed but trade war tensions started to ease. For the four-day trading week, the index lost 45.68 points from the previous week's finish of 7,945.66. All counters ended lower, but the most battered was the holding firm counter which fell by 2.87 percent as investors sold down shares of SM Investments and Metro Pacific, which both slid by over 4 percent. The property counter faltered by 1.72 percent. There were 134 dec...Keep on reading: PSEi retreats to 7,800 level.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

PH, Asian markets cower as US, China trade tensions persist

The benchmark Philippine Stock Exchange index (PSEi) closed below the 7,000 mark on Monday, as uncertainties over trade tensions between the United States and China weighed on investor sentiments i.....»»

Category: newsSource:  philippinetimesRelated NewsJun 26th, 2018

PSEi touches 6,900

Continued sell-off blamed on escalating global trade tensions THE stock market capped the week by falling for a seventh straight session on Friday, briefly dipping to the 6,900 level with sell-offs persisting in the wake of news that more countries had announced retaliatory tariffs against the United States. The bellwether Philippine Stock Exchange index (PSEi) [...] The post PSEi touches 6,900 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 22nd, 2018

Stock market down anew as US-China tensions rise

Benchmark PSEi touches 7,200, closes 1.37% down at 7,312.61 The stock market plunged to an over one-year low on Tuesday, touching the 7,200 level at one point as escalating trade tensions between the world’s two largest economies further dampened investor sentiment. News that US President Donald Trump was threatening to… The post Stock market down anew as US-China tensions rise appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 19th, 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

PSEi up as investors shrug off G7 dispute

LOCAL share prices firmed up on Monday as investors downplayed heightened trade tensions following an acrimonious meeting of the world’s biggest economies. The benchmark Philippine Stock Exchange index (PSEi) added 30.56 points or 0.40 percent to close at 7,771.30 while the wider All Shares rose 0.31 percent or 14.44 points to end at 4,704.54. “Philippine shares closed [...] The post PSEi up as investors shrug off G7 dispute appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 12th, 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

Peso weakens vs dollar amid rising geopolitical tensions in Europe

The peso weakened against the dollar on Tuesday, May 29, anew as geopolitical uncertainties in Europe rose. The local currency ended Tuesday’s session at P52.64 versus the greenback, down by 15 centavos from the P52.49-per-dollar finish the previous day. The peso traded weaker the whole day, opening the session declining at P52.55 against the dollar. […] The post Peso weakens vs dollar amid rising geopolitical tensions in Europe appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 29th, 2018

Peso hits P52.70:$1; a new near 12-yr low

THE peso closed the week at another near 12-year low against the dollar, weighed down by geopolitical tensions and worries over a new US interest rate hike next month. The currency closed 15 centavos down at P52.70 to the dollar, its lowest since a P52.74:$1 finish on July 19, 2006. “Early today, the dollar weakened [...] The post Peso hits P52.70:$1; a new near 12-yr low appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 26th, 2018

Peso sinks to fresh low on geopolitical tensions, Fed

The Philippine peso further weakened on Friday, falling to a fresh trough amid geopolitical concerns and after the US Federal Reserve suggested that another rate hike was on the way soon......»»

Category: newsSource:  philstarRelated NewsMay 25th, 2018

US-North Korea tensions pull PSE index back in the red

The main share is back in the red on Friday, May 25, failing to maintain its positive performance on Thursday as traders responded to tensions between United States (US) and North Korea. The Philippine Stock Exchange index (PSEi) closed at 7,647.51 on the trading week’s end, shedding 5.02 points or 0.06%. The broader all shares […] The post US-North Korea tensions pull PSE index back in the red appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 25th, 2018

Peso flat amid continued geopolitical tensions

THE PESO strengthened a tad yesterday as the market was cautious over geopolitical concerns involving US, Iran and North Korea ahead of key US economic data. The local currency closed at P52.27 versus the greenback on Thursday, gaining one-and-a-half centavos from the P52.285 close on Wednesday. The peso strengthened at the open to P52.20 per […] The post Peso flat amid continued geopolitical tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 17th, 2018

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:  bworldonlineRelated NewsMay 16th, 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

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

BSP economists: Inflation uptrend to persist

Central bank economists expect the prices of goods and services to have risen further in April due to a spike in the cost of crude oil in the international market. In a statement, the Department of Economic Research of the Bangko Sentral ng Pilipinas (BSP) said it projected the 2012-based April 2018 inflation to settle within the 3.9-4.7 percent range---higher than the 3.8-4.6 percent the group predicted for the month of March. "This represents a slight upward revision," the group said, adding that "geopolitical tensions in the Middle East caused a sharp increase in international oil prices spilling over to higher domestic petroleum prices for the month." The inflation rate for ...Keep on reading: BSP economists: Inflation uptrend to persist.....»»

Category: newsSource:  inquirerRelated NewsMay 2nd, 2018

Share prices boosted by Korea, S& P news

Share prices advanced for the third straight session on Monday as sentiment was buoyed by easing tensions overseas and last week’s Standard & Poor’s outlook upgrade. The benchmark Philippine Stock Exchange index (PSEi) climbed back to the 7,800 level, adding 1.27 percent or 98.23 points to close at 7,819.25, while the broader All Shares grew [...] The post Share prices boosted by Korea, S&P news appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 30th, 2018

BSP economists see continued inflation uptrend

      Central bank economists expect the prices of goods and services to have risen even further for the month of April, due to a spike in the cost of crude oil in the international market that may have aggravated the country's three-year high inflation rate.   In a statement, the Department of Economic Research of the Bangko Sentral ng Pilipinas said it projects the 2012-based April 2018 inflation to settle within the 3.9-4.7 percent range --- higher than the 3.8-4.6 percent the group predicted for the month of March.   "This represents a slight upward revision," the group said, adding that "geopolitical tensions in the Middle East cause...Keep on reading: BSP economists see continued inflation uptrend.....»»

Category: newsSource:  inquirerRelated NewsApr 30th, 2018