PH stocks, peso plunge on soaring US Treasury yields

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 55%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Philippine stocks plunged below the 7,300 level Thursday, tracking the performance of Asian and US markets which were affected by soaring US Treasury

yields.

All sectors were in the negative territory, with banks incurring most losses, down by 1.77 percent. while industrial dropping by 1.71 percent. Decliners edged advancers, 139 to 53. “The economic reports are such that people are losing faith in the idea that we’re going to get aggressive rate cuts,” said Steve Sosnick of Interactive Brokers.

“Betting odds now show a 60-38 advantage for Donald Trump and markets are clearly agreeing with this with yields and the dollar pushing higher as traders expect a rise in public spending and inflation if he is elected,” said Sabin Hathorn.

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:

 /  🏆 20. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama