News Formal

Stocks rise on jobs data, peso closes at 57.7 a dollar

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

Philippines shares advanced Friday, rising above the 6,700 level as investors digested the inflation and jobs data. The Philippine Stock Exchange index

Philippines shares advanced Friday, rising above the 6,700 level as investors digested the inflation and jobs data.

He said that while headline inflation rose to 2.5 percent in November, driven by food price increases following a series of typhoons, it remained within the central bank’s target range for 2024. Meanwhile, the peso strengthened further to finish at 57.73 against the US dollar Friday, up from 57.88 Thursday on positive employment figures, showing that the jobless rate remained below 4.0 percent in October.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH stocks rebound to end 7-day slump, close above 6,600 levelThe main composite index of the Philippine Stock Exchange rebounded from a seven-day slump, closing above the 6,600 level on bargain-hunting Friday. The
Source: MlaStandard - 🏆 20. / 55 Read more »