The main index lost 20.55 points or 0.32 percent to close at 6,448.87 as the Property sector led the retreat while the Services counter managed to hold its ground. Volume eased to 967 million shares worth P5.31 billion as losers beat gainers 124 to 65 with 44 unchanged.
“Philippine shares notched lower as investors weighed recession risk following the latest meeting minutes from the Fed,” said Regina Capital Development Corporation Managing Director Luis Limlingan. He noted that , “The FOMC meeting minutes showed that the central bank expects the recent banking crisis to cause a recession later this year. This overshadowed the fact that inflation cooled in March as the Fed's interest rate increases showed more impact.”
Philstocks Financial Assistant Research Manager Claire Alviar said “The local bourse dropped as investors’ sentiment was dampened by the Federal Reserve's cautionary note about an impending recession.”
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Stocks down as investors digest gloomy jobs dataThe benchmark Philippine Stock Exchange Index closed lower as stocks resumed trading after the Holy Week break as investors weighed the latest job numbers showing more Filipinos without work. | miguelrcamusINQ /PDI
مصدر: inquirerdotnet - 🏆 3. / 86 اقرأ أكثر »
World stocks hope for Fed pause, dollar stallsMSCI's gauge of stocks across the globe gains 0.43% on Tuesday, April 11.
مصدر: rapplerdotcom - 🏆 4. / 86 اقرأ أكثر »
Asian stocks ease ahead of US inflation data, Fed minutesAsian equities drifted lower ahead of a crucial U.S. inflation report that will likely influence how soon the Federal Reserve will end its aggressive rate hikes, with markets betting on at least one more at next month’s policy meeting. | Reuters
مصدر: inquirerdotnet - 🏆 3. / 86 اقرأ أكثر »
Asian stocks ease ahead of US inflation data, Fed minutesAsian equities drifted lower ahead of a crucial U.S. inflation report that will likely influence how soon the Federal Reserve will end its aggressive rate hikes, with markets betting on at least one more at next month’s policy meeting. | Reuters
مصدر: inquirerdotnet - 🏆 3. / 86 اقرأ أكثر »
Stocks lower on weaker economic dataThe local stock market continued to edge lower, this time due to weaker foreign investment and trade data. ManilaBulletin Where are those investments pledged during Marcos' travels?
مصدر: manilabulletin - 🏆 25. / 51 اقرأ أكثر »
NFA steps up rice purchases to beef up stocks | Raadee S. SausaThe National Food Authority (NFA) said it continues to buy rice from planters at P19 per kilogram in its bid to beef up its buffer stocks. The NFA also said its branches nationwide are always open to accommodate farmers who want to sell their unmilled rice to the agency. The…
مصدر: BusinessMirror - 🏆 19. / 59 اقرأ أكثر »