Stocks recover from early losses after Fed rate hike

📆 28/07/2023 01.15.00
📰 manilabulletin

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The local stock market managed to recover early losses to close almost flat as the US Federal Reserve’s rate hike was as expected.

The main index shed 1.21 points or 0.02 percent to close at 6,677.92 with sectoral indices evenly divided. Volume declined to 480 million shares worth P3.83 billion as gainers outpaced losers 89 to 73 with 57 unchanged.

He added that, “Remarks from Chair Jerome Powell hinted the central bank could also hold rates steady at these levels, and suggested that the FOMC will remain data-dependent.“ “At home, Moody’s Investors Service’s statement that the slow pace of investment growth in the country could affect economic growth also added to concerns,” he noted.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stocks advance cautiously ahead of central bank rate movesNEW YORK , United States - European and US stocks mostly made cautious advances on Tuesday as investors awaited central bank rate decisions, while stimulus pledges by Chinese leaders dominated Asian trading.
Sumber: manilabulletin - 🏆 25. / 51 Baca lebih lajut »

Stocks up on late buyingThe PSEi added more points on late bargain hunting as investors cheered the latest earnings reports in the US and by local firms.
Sumber: manilabulletin - 🏆 25. / 51 Baca lebih lajut »