Stocks, peso sustain rally; Converge, ALI lead gainers

The PSE index, the 30-company benchmark of the Philippine Stock Exchange, went up 20 points, or 0.3 percent, to close at 6,530.51, as four of the six subsectors advanced.

Rizal Commercial Banking Corp. chief economist Michael Ricafort said “recent comments from Federal Reserve officials indicated openness to slow the pace of future rate hikes.” The latest indicators showed the manufacturing and services sectors continued to contract last month, while jobless claims picked up.

“Equities are reveling in the wake of the… minutes after the Fed telegraphed a downshift from jumbo to extra-large rate hikes,” said SPI Asset Management’s Stephen Innes.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Stocks up again on hopes of slower rate hikesThe local stock market ended slightly higher on the strength of banking stocks amid optimism over policy rates.
Herkunft: manilabulletin - 🏆 25. / 51 Weiterlesen »

Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertaintyOil prices rose in early trade after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. | Reuters
Herkunft: inquirerdotnet - 🏆 3. / 86 Weiterlesen »

European shares hold near 3-month highs as business activity slowdown easesEuropean stocks were pinned near three-month highs as data showed a downturn in euro zone business activity eased slightly in November while rallying commodity shares offset losses in Credit Suisse following its profit warning. | Reuters
Herkunft: inquirerdotnet - 🏆 3. / 86 Weiterlesen »