POSITIVE third quarter results could drive the stock market higher this week, analysts said, but a continued peso weakness could dampen investor sentiment.The benchmark Philippine Stock Exchange index closed 1.44 percent up week on week at 7,415.73 on Friday, regaining some ground following a 2.1-percent dip a week earlier.'The latest PSEi gains came after the -0.25 policy rate cut effective Oct.
Unicapital Group head of research Wendy Estacio-Cruz also expressed concerns about the further weakening of the peso but said this could be cushioned by an easing in Middle East tensions.'e look forward to upcoming economic data, including the US jobless claims and the PH Global Manufacturing PMI for October, which will be released on October 24 and November 4, respectively,' she also said.Online brokerage firm 2TradeAsia.
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.
Source: MlaStandard - 🏆 20. / 55 Read more »