Stocks to take cue from data releases

The benchmark Philippine Stock Exchange index ended in a sour note last Friday at 6,615.55, down by 0.20 percent week-on-week.MANILA, Philippines —

“Also, the market was unable to hold its position above the 6,700 level last week, implying that a resistance remains at the said line,” he said.“However, ultimately, the market’s could still be dependent on our upcoming economic data. Investors are expected to watch out first for our April inflation report,” he said.

2TradeAsia.com said index movement has been capped by intraday selling pressure, keeping rallies short and the overall trend generally unexciting. The governments of the Philippines and Cambodia have concluded the double taxation agreement in a bid to improve trade and...

United States United States Latest News, United States United States Headlines

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

Asian Stocks Mixed as Investors Await US Inflation DataAsian stocks were mixed as investors await crucial US inflation data that could impact the Federal Reserve's decision on interest rates. Traders have adjusted their forecasts for monetary policy easing this year, with some even considering no cuts before 2025.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Wall Street closes higher as investors digest earnings, megacap outlookU.S. stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.
Source: gmanews - 🏆 11. / 68 Read more »