Stocks rally on cooler US inflation rate

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The local stock market rose before the week ended, boosted by hopes that inflation in the US is already coming down from its peak.

The main index jumped 119.20 points or 1.93 percent to close at 6,286.77as Conglomerates and the Property sector led the rally. Volume improved to P4.92 billion as gainers beat losers 125 to 58 with 40 unchanged.“Philippine stocks rallied, fueled by a better-than-feared US inflation print, giving investors the idea that the overall prices of goods may be cooling,” said Regina Capital Development Corporation Managing Director Luis Limlingan.

She explained that, “If the US inflation continues to ease, Federal Reserve’s rate hikes may slow down which could positively impact our peso.”

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 25. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

World stocks slip, await CPI, US midterms outcomeStocks in Europe and on Wall Street fall on Wednesday, November 9, as the outcome of the US midterm elections remains unclear.
Herkunft: rapplerdotcom - 🏆 4. / 86 Weiterlesen »

Stocks fall; peso rises to 57.99 a dollarThe PSE index, the 30-company benchmark, dropped 47 points, or 0.8 percent, to close at 6,241.68, as four of the six subsectors declined. READ:
Herkunft: MlaStandard - 🏆 20. / 55 Weiterlesen »

Philippine stocks: Gainers, losers, market-moving news – November 2022Bookmark and refresh this page for the latest news and analysis on stock market movers, corporate and financial news, business deals, and the economy in the Philippines
Herkunft: rapplerdotcom - 🏆 4. / 86 Weiterlesen »

Hong Kong stocks finish sharply lowerHong Kong stocks closed sharply lower on Thursday following tumbling US and European markets pushed by inconclusive US midterm election results and inflation fears. The Hang Seng Index shed 1.7
Herkunft: inquirerdotnet - 🏆 3. / 86 Weiterlesen »