Bargain-hunting likely to lift PH stocks this week

Philippine stocks are expected to rebound this week after the last week’s decline as investors await the latest inflation report.- Advertisement -

The BSP said last week consumer goods and services prices may have risen within the 2.2 percent to 3 percent range in November from 2.3 percent in October. “However, we also expect lingering concerns to continue weighing on sentiment. These include first, US president-elect Donald Trump’s planned protectionist policies and its impact on global economic prospects, as well as the uncertainties on the Federal Reserve’s policy outlook,” Tantiangco said.

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Bargain-hunting could help buoy stock marketTHE stock market could see some lift from bargain-hunting this week, analysts said, but further declines cannot be ruled out given the peso's continued weakness and bearish investor sentiment.
منبع: TheManilaTimes - 🏆 2. / 92 ادامه مطلب »

Philippine Stock Market Drops Amid Trump's Comments on ImportsPhilippine stock market fell Tuesday due to investor concerns over US president-elect Donald Trump's comments on increasing tariffs on imports from Mexico, Canada, and China. The peso also hit a low against the US dollar.
منبع: MlaStandard - 🏆 20. / 55 ادامه مطلب »

PH stocks seen trading sideways this weekPhilippine stocks are expected to trade sideways this week on possible bargain-hunting, analysts said over the weekend. The main composite index traded
منبع: MlaStandard - 🏆 20. / 55 ادامه مطلب »