THE stock market could see some lift from bargain-hunting this week, analysts said, but further declines cannot be ruled out given the peso's continued weakness and bearish investor sentiment.The benchmark Philippine Stock Exchange index snapped a seven-day selloff on Friday but still ended down 4.3 percent week on week at 6,676.65.Philstocks Financial Inc.
'Markets have been strung tight since late October, exacerbated by the US elections and, most recently, comments from ,' it added.'While the US central bank proceeded with its 25 cut for November, inflation approaching its target range plus a strong jobs market were cited as reasons not to rush with the rate cuts,' it added.'Broad-based rallies are not seen in the very short run due to the recent barrage of global uncertainties, on top of real erosion in present fundamentals.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
PH stocks seen trading sideways this weekPhilippine stocks are expected to trade sideways this week on possible bargain-hunting, analysts said over the weekend. The main composite index traded
Прочитайте больше »
PH stocks rebound to end 7-day slump, close above 6,600 levelThe main composite index of the Philippine Stock Exchange rebounded from a seven-day slump, closing above the 6,600 level on bargain-hunting Friday. The
Прочитайте больше »
Peso slightly higher; stock market gains on inflation newsTHE peso edged up on Tuesday and the stock market surged in the absence of an October inflation surprise.
Прочитайте больше »