News Formal

Investors await cues from PSEi rejig, company earnings

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

Nigeria News News

The benchmark Philippine Stock Exchange index will remain range-bound as investors place bets ahead of the upcoming earnings season.

National Statistician Dennis Mapa said gross domestic product in the fourth quarter of 2021 expanded 7.7 percent. He added full-year growth hit 5.6 percent, exceeding the government’s 5-5.5 percent target for 2021.

BDO Unibank Inc. chief strategist Jonathan Ravelas said investors used the recent bounce to sell shares amid rising risk aversion over the possibility that the US Federal Reserve will take more aggressive action to combat inflation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Earnings, alert level, Fed to weight on PH stocksThe local stock market is seen to be swayed by corporate earnings reports, the government’s decision on whether to ease quarantine restrictions, as well as lingering concern over US interest rates.
Source: manilabulletin - 🏆 25. / 51 Read more »

In Israel, ransomware attacks against private companies pose a new kind of national security threatGroups linked to Iran rattle Israeli confidence by seeking to cause panic and doubt through computer infiltrations. Read this piece from CodaStory.
Source: rapplerdotcom - 🏆 4. / 86 Read more »