News Formal

Stock market surges but peso nears P57:$1

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 92%

Stock 뉴스

Market,Surges,But

THE peso opened the week on a down note, moving closer to the P57:$1 level as the dollar strengthened, while the stock market hit pre-pandemic highs amid hopes of more policy rate cuts.

The currency weakened by 53 centavos to P56.825 against the greenback, its lowest close in nearly two months, after opening at P56.64 and ranging from P56.58 to P56.84. Volume reached P1.296 billion, lower than P1.513 billion in the previous session.Rizal Commercial Banking Corp. chief economist Michael Ricafort said the peso weakened after the dollar gained against global currencies.

''Hopes that the Fed will also deliver more rate cuts also spurred optimism,' he added.While Asian currencies fell, stock markets in the region rose as the US jobs data signaled that the world's largest economy was headed for a soft landing.Tantiangco said that trading was strong on Monday with net value turnover at P7.60 billion, higher than the year-to-date average of P5.21 billion.'Foreigners were net buyers with net inflows amounting to P1.35 billion,' he added.

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

 /  🏆 2. 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.

Stock market nears 7,200 level; peso at 55.6 a dollarDefining the News
출처: MlaStandard - 🏆 20. / 55 더 많은 것을 읽으십시오 »

Peso, stock market edge down ahead of expected Fed rate cutTHE peso and stock market slipped on Wednesday as investors awaited the results of a US Federal Reserve (Fed) meeting.
출처: TheManilaTimes - 🏆 2. / 92 더 많은 것을 읽으십시오 »