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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

PSEi falls to 7,300 as US-China trade war heats up

THE stock market fell to the 7,300-level in early trading on Tuesday as escalating trade tensions between the United States and China rattled investor sentiment. The Philippine Stock Exchange index (PSEi) finished the morning session down 109.47 points or 1.48 percent at 7,304.09 while the wider All Shares declined 54 points or 1.19 percent to [...] The post PSEi falls to 7,300 as US-China trade war heats up appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 18th, 2018

Stock market surges 2%; returns to 7,600 level

Easing trade tensions, increased net foreign buying and higher volumes allowed the stock market to return to the 7,600 level on Thursday. The bellwether Philippine Stock Exchange index (PSEi) surged by 151.85 points or 2.02 percent to close at 7,665.84. The broader All Shares, meanwhile, rose 69.99 points or 1.54 percent to end at 4,605.52. [...] The post Stock market surges 2%; returns to 7,600 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 26th, 2018

PSEi up 2% in early trade on easing trade tensions

THE stock market was higher in early trading on Thursday with sentiment buoyed by easing trade tensions overseas coupled with increased net foreign buying and volumes. At the noon break, the bellwether Philippine Stock Exchange index (PSEi) was up 151.84 points or 2.02 percent at 7,665.84. The broader All Shares rose 68.27 points or 1.51 [...] The post PSEi up 2% in early trade on easing trade tensions appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 26th, 2018

G20 urges dialogue to resolve trade tensions

Group of 20 members have pleaded for increased dialogue to defuse escalating trade tensions that could hit global economic growth hard. Finance ministers and central bankers from 20 leading economies recently closed a two-day meeting in Buenos Aires warning that “heightened trade and geopolitical tensions” threaten the economic expansion. It comes at a time when […].....»»

Category: newsSource:  tribuneRelated NewsJul 23rd, 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