Upward bias seen as market targets 7,000
The Philippine Star|September 09, 2024
The local market is expected to make another push toward the 7,000 level this week, fueled by the momentum gained from a slower August inflation reading.
- RICHMOND MERCURIO

Analysts expect the market to continue moving with an upward bias over the coming days after the benchmark Philippine Stock Exchange index (PSEi) finished last Friday at 6,936.09, up by 0.56 percent week-on-week.

"The PSEi may continue its rally following the better-than-expected inflation figure in August," Unicapital head of research Wendy Estacio-Cruz said.

"Additionally, there is an increasing likelihood that the US Federal Reserve will cut interest rates during its FOMC meeting on Sept. 17 to 18, given the slowing US economy," she said.

この蚘事は The Philippine Star の September 09, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Philippine Star の September 09, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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