News Formal

Stocks slip as sooner-to-come US rate cuts wane

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 94%

Philippine Stock Exchange News

Local stocks slipped to end the week in the red following negative cues from the US markets.

MANILA, Philippines — The broader All Shares index, likewise, slipped by 0.39 percent or 13.8 points to settle at 3,523.49.

Market breadth remained negative as decliners battered advancers, 103 to 86, while 48 issues were unchanged. The pace of Japanese inflation slowed in April to 2.2% as gas bills fell, government data showed Friday, with the figure...

 

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:

 /  🏆 1. in US

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.

Local stocks tumble on slower Q1 growthDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Stock market today (May 13, 2024): Asian stocks drift after Wall Street closes another winning weekHONG KONG — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil prices fell. The release of weak Chinese lending data and news that the U.S.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Higher April inflation rate weighs on local stock marketDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Stocks decline on negative cues from Wall StreetDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »