News Formal

Stocks may decline on ongoing war, Fed review - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The benchmark PSEi slid by 12.61 points or 0.17% to close at 7,112.19 on Friday, while the broader all shares fell by 18.46 points or 0.48% to close at 3,765.36. Week on week, the PSEi retreated by 319.82 points from its finish of 7,342.01 on March 4.

Stocks dropped on Friday after failed peace talks between Russia and Ukraine and as US inflation hit a 40-year high.

“Fears over an aggressive monetary tightening by the Federal Reserve have also resurfaced as the US’ inflation hit a 40-year high of 7.9% last February,” Mr. Tantiangco added. The consumer price index increased 0.8% last month after gaining 0.6% in January. A 6.6% rebound in gasoline prices accounted for almost a third of the increase in the CPI.

With inflation nearly four times the US central bank’s 2% target, economists are expecting as many as seven rate hikes this year, Reuters reported.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 9. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Jobs open up for homeless people in UK labor market squeeze - BusinessWorld OnlineWATFORD, England — When Zara Asamoah graduated early in the coronavirus pandemic, she had no fixed abode and her chances of finding work looked remote. Now, thanks to an acute lack of job candidates as Britain’s economy reopens and to support from Beam, a crowd-funding social enterprise that helps homeless people into work, Ms. Asamoah […]
Fonte: bworldph - 🏆 9. / 68 Consulte Mais informação »