News Formal

PH stocks seen trading sideways on weak peso

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 55%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The Philippine stock market is expected to trade sideways this week on concerns about weakening of the peso against the US dollar and overseas

developments.

Tantiangco said while the dovish monetary policy outlook of the Bangko Sentral ng Pilipinas is still expected to give the market support, more catalysts might be needed for the market to get past the resistance level. “Upbeat corporate results are seen as one of the possible catalysts that could drive the market higher. Investors are also expected to monitor the movement of the local currency. An appreciation is expected to help in next week’s trading while a further depreciation is seen to weigh on the bourse,” he said.

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

 /  🏆 20. 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

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
Источник: MlaStandard - 🏆 20. / 55 Прочитайте больше »

ECPay exec leads 50th Philippine Business Conference & ExpoELECTRONIC Commerce Payment Inc. (ECPay) executive Raymund Jude Aguilar is leading the Philippines' biggest business conference happening on October 22-23 at the Marriott Grand Ballroom, Pasay City.
Источник: TheManilaTimes - 🏆 2. / 92 Прочитайте больше »