Wall Street gains fuel peso, stocks rebound

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 92%

Wall Новости

Street,Gains,Fuel

THE peso and the stock market posted a rebound on Wednesday following a two-day decline as sentiment rose on hopes that the US Federal Reserve (Fed) could cut interest rates more than once this year.

THE peso and the stock market posted a rebound on Wednesday following a two-day decline as sentiment rose on hopes that the US Federal Reserve could cut interest rates more than once this year.The currency strengthened by 7 centavos to P58.725:$1 while the benchmark Philippine Stock Exchange index climbed 1.43 percent, or 91.07 points, to close at 6,450.03.The broader All Shares index also rose, by 32.46 points or 0.94 percent, to 3,495.13.The peso opened at P58.

research and engagement officer Mikhail Plopenio, meanwhile, said the PSEi rose 'as investors hunted for bargains after a two-day decline.''Positive cues from Wall Street also fueled this Wednesday's climb with the bourse joining its neighboring peers in the green territory at the session's close,' he added.'Inflows from foreign funds gave the market a boost as foreigners were net buyers with net inflows amounting to P22.09 million.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 2. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market today (June 5, 2024): Asian stocks trade mixed after Wall Street logs modest gainsAsian shares traded mixed Wednesday, as investors weighed recent data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street. Japan's benchmark Nikkei 225 shed 1.0% in early trading to 38,448.61. Australia's S&P/ASX 200 edged up 0.3% to 7,759.20. South Korea's Kospi jumped 1.2% to 2,695.02.
Источник: BusinessMirror - 🏆 19. / 59 Прочитайте больше »

Stock market today (June 19, 2024): Global stocks are mixed after Wall Street edges to more records | Zimo ZhongWorld stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. The future for the Dow Jones Industrial Average was down 0.1% while that for the S&P 500 rose 0.1%. U.S.
Источник: BusinessMirror - 🏆 19. / 59 Прочитайте больше »