The stock market gained slightly again Wednesday on thin trading, with eyes on the Fed meeting later in the day, which is followed Thursday by second-quarter economic growth figures.
PLDT Inc., the biggest telecommunications firm, climbed 1.9 percent to P1,649, but Universal Robina Corp. of the Gokongwei Group, the largest snack food maker, fell 3.4 percent to P110. That was backed up by a profit warning by retail titan Walmart and a closely watched consumer confidence gauge sinking for the third month in a row, while the International Monetary Fund slashed its global growth forecasts.
While equities are enjoying a broadly positive day, there remains a lot of caution about the outlook for markets.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BSP keeps market-determined forex policy despite depreciationMonetary authorities maintain that a market-determined exchange rate policy is still good for the Philippine peso despite its depreciation. To date, the peso is trading at 56-level against the gree…
La source: EdgeDavao - 🏆 23. / 51 Lire la suite »
Stocks inch higher on bets of aggressive Fed hike - BusinessWorld OnlineSTOCKS eked out gains on Tuesday after President Ferdinand “Bongbong” R. Marcos, Jr.’s first State of the Nation Address and expectations of another aggressive rate hike by the US Federal Reserve.
La source: bworldph - 🏆 9. / 68 Lire la suite »
PCC assures level playing field in local pharmaceutical market | Andrea E. San JuanThe Philippine Competition Commission (PCC), in compliance with President Ferdinand “Bongbong” R. Marcos Jr.’s directive, has vowed to ensure fair competition in the pharmaceutical market. In his first State of the Nation Address on Monday, the President ordered the country’s competition watchdog to ensure fair competition when it comes to…
La source: BusinessMirror - 🏆 19. / 59 Lire la suite »
Marcos recovery plan may give Philippine stocks long-term liftPhilippine President Ferdinand Marcos Jr.’s pledge to pursue “prudent” fiscal management and press ahead with tax reforms may boost the nation’s equities, which are trading near bear-market territory. The peso surged.
La source: YahooPH - 🏆 22. / 51 Lire la suite »