News Formal

Stocks edge higher on economic stimulus plans

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Prospects of massive econo­mic stimuli to counter econo­mic devastation caused by the COVID-19 pandemic here and abroad brought a bit of relief to the battered stock market on Tuesday.

Philippine Stock Exchange index firmed up by 30.9 points, or 0.65 percent, to close at 4,774.27 on Tuesday, tracking the rebound across regional markets as investors took heart from anti-COVID-19 pump-priming measures across the globe, especially in the United States.

The Philippines itself is also preparing a fiscal stimulus program to counter the effects of the coronavirus while the Bangko Sentral ng Pilipinas has embarked on its own massive monetary easing in the form of a fresh 50-basis point interest rate cut, 200-basis point reserve requirement reduction and a P300-billion bond buyback program.

Papa Securities said the pandemic remained a “significant overhang” to the markets. Initial PSEi support is seen at the 4,000 mark, which the brokerage house thinks could be retested in the near term, especially if America sanctions a nationwide lockdown.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Asian stocks gain after U.S. Fed promises economic supportBEIJING — Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid
ソース: inquirerdotnet - 🏆 3. / 86 続きを読む »

Asian stocks gain after U.S. Fed promises economic supportBEIJING — Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid
ソース: inquirerdotnet - 🏆 3. / 86 続きを読む »