Stocks inch higher on bets of aggressive Fed hike - BusinessWorld Online

The Philippine Stock Exchange index went up by 13.47 points or 0.21% to close at 6,223 on Tuesday, while the broader all shares index increased by 5.22 points or 0.15% to 3,364.99.

Mr. Arce said that the President’s pledge to pursue “prudent” fiscal management and tax reforms gave local equities a boost. Mr. Lood said “statements by Fed Chairman Jerome H. Powell after the announcements will be vital, as some investors fear that aggressive rate increases will push the US and global economies into recession.”

Investors also want to see if emerging risks to the economic outlook would cause the Fed to signal less aggressive rate increases in its coming meetings.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

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.
Herkunft: YahooPH - 🏆 22. / 51 Weiterlesen »

Business groups welcome Marcos’ economic promises, online VAT - BusinessWorld OnlineLocal business groups welcomed President Ferdinand R. Marcos, Jr.’s plans for economic recovery, as well as the proposed legislative measures that include the imposition of a value-added tax (VAT) on digital transactions. READ:
Herkunft: bworldph - 🏆 9. / 68 Weiterlesen »