Stocks likely to climb

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 94%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

After a lackluster performance of the Philippine stock market last week, investors may return this week unless new negative developments arise, including a worsening of the Israel-Hamas war, analysts said.

The 30-company benchmark Philippine Stock Exchange index is thus seen trading within the 6,150 to 6,420 level this week with potential upside bias, said Juan Paolo Colet, managing director at China Bank Capital Corp.For now, Colet said investors would be keeping a close watch on the intensifying Israel-Hamas war, as any expansion of the conflict could negatively impact local pump prices.

Possible local catalysts, meanwhile, are the upcoming data on the latest overseas Filipino remittances report due on Oct. 16; the balance of payments data due on Oct. 19; and the next local policy rate-setting meeting set on Nov. 16, according to RCBC chief economist Michael Ricafort. At the same time, a Fed rate pause cannot be completely ruled out, as well as a pause on local policy rates, especially if the peso exchange rate is relatively stable, Ricafort said.This was an improvement from the previous week’s 61.29 points decline or one percent drop, as the PSEi slightly gained for most weeks since September 2023.

On Oct. 7, Islamic militant group Hamas carried out a coordinated attack that surprised Israel and resulted in over 1,000...

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 1. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Proper regulation needed to lift Philippine halal industryDefining the News
출처: MlaStandard - 🏆 20. / 55 더 많은 것을 읽으십시오 »