PH stocks slide, peso rebounds

Philippine stocks continued to slide even as Wall Street’s extended its rally as investors try to ascertain US President Donald Trump’s policies.

Converge ICT Solutions Inc. was the top index gainer, jumping 4.71 percent to P16.00, while SM Investments Corp. was the main index laggard, falling 2.55 percent to P916. There are worries that the Republican’s policies could stoke inflation again, dealing a blow to the Fed’s long-running battle against prices. With AFP

“Although uncertainty abounds, the Fed’s year-end 2025 forecast for a Fed funds rate of 3.5 percent is still a useful starting point for where this cycle is going.”

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH stocks, peso climb on positive cues from US equities marketPhilippine stocks ended the week in the green on positive cues from the US equities market amid encouraging economic data. The Philippine Stock Exchange
Source: MlaStandard - 🏆 20. / 55 Read more »

PH share prices climb on positive earnings resultsPhilippine stocks opened the shortened trading week in the green amid positive third-quarter earnings of major companies. The bellwether Philippine Stock
Source: MlaStandard - 🏆 20. / 55 Read more »

Elevate Your Home: North-Diamond’s exclusive line of European bedding hits the Philippine marketNorth-Diamond Consumer Goods Trading (NDCGT) is set to transform the Philippine market with its exclusive line of high-end European homewares, designed to elevate home and living room experiences through sustainable practices and unparalleled comfort.
Source: BusinessMirror - 🏆 19. / 59 Read more »