News Formal

Peso back at P56:$1; stock market also up

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 92%

Peso Nachrichten

Back,At,P56:$1

THE peso returned to the P56:$1 level on Tuesday and the stock market also rose amid improved sentiment ahead of Thursday's Bangko Sentral ng Pilipinas policy meeting.

THE peso returned to the P56:$1 level on Tuesday and the stock market also rose amid improved sentiment ahead of Thursday's Bangko Sentral ng Pilipinas policy meeting.The currency strengthened by 35.6 centavos to P56.96 against the dollar, its strongest close since April 15's P56.808:$1, while the benchmark Philippine Stock Exchange index added 37.08 points, or 0.56 percent, to 6,650.44.The broader All Shares index also rose, by 11.46 points or 0.32 percent, to 3,610.00.

chief economist Michael Ricafort said that a decreased likelihood of a policy rate cut, following higher-than-expected inflation, had bolstered the peso.Philstocks Financial Inc. senior research analyst Japhet Tantiangco, meanwhile, tagged the peso's gain as having lifted the PSEi.'Investors' appreciation of Q2/1H corporate results also helped in bringing the market up,' he added.Regina Capital Development Corp.

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:

 /  🏆 2. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Peso, stock market end rally ahead of BSP policy meetingTHE peso snapped an eight-day win streak and the stock market also ended a three-day rally to open the trading week.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »

Stock market plunges 2.58%; peso rises to P57:$1 territoryTHE stock market plunged on Thursday on continued fears of a US recession, but the peso closed at its strongest in over two months as rate cut expectations heightened.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »

Peso, stock market reboundTHE peso and stock market rebounded on Wednesday after declines since the start of the week, closing out the month on a positive note.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »

Stronger dollar hits peso; stock market up anewTHE peso fell on Monday as the dollar gained following an assassination attempt against former US president Donald Trump while rate cut hopes again lifted the stock market, which surged to the 6,700 level before it pared down the day's gains.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »