Local stocks rise as investors await US data

Local stocks edged higher Monday as investors await cues on US inflation and interest rates.

The 30-company Philippine Stock Exchange index rose 10.80 points, or 0.17 percent, to close at 6,233.74, while the broader all-shares index picked up 3.22 points to settle at 3,363.45. Regina Capital Development Corp. head of sales Luis Limlingan said the local shares went up as investors wait for fresh batch of economic data that could affect price activity this week.

Overseas investors anticipate the release of US August inflation rate, producer price index and retail sales. “Three straight months of gains in crude oil prices, stronger-than-expected services sector and lower jobless claims are fueling expectations for inflate to come in higher,” Limlingan said.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

David Ong: Elevating the Philippine bar industry one cocktail at a timeThe visionary behind award-winning bars The Curator and Oto sheds light on how continuous evolution and Filipino hospitality can place us on the global stage
Herkunft: manilabulletin - 🏆 25. / 51 Weiterlesen »

DTI launches ‘FiestaKusta’ to promote local creative industry in Central VisayasTHE Department of Trade and Industry (DTI 7) hosted its first 'FiestaKucha Cebu': Regional Creative Festival in Central Visayas in order to recognize and gain greater support from...
Herkunft: sunstaronline - 🏆 18. / 59 Weiterlesen »