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Stocks slip as sooner-to-come US rate cuts wane

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Philippine Stock Exchange Berita

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Local stocks slipped to end the week in the red following negative cues from the US markets.

MANILA, Philippines — The broader All Shares index, likewise, slipped by 0.39 percent or 13.8 points to settle at 3,523.49.

Market breadth remained negative as decliners battered advancers, 103 to 86, while 48 issues were unchanged. The pace of Japanese inflation slowed in April to 2.2% as gas bills fell, government data showed Friday, with the figure...

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