PSEi Declines Amid Profit-Taking and Gulf Tensions
The Philippine Stock Exchange index (PSEi) fell on profit-taking as tensions in the Gulf contribute to rising inflation. Investors are concerned over the peso's decline and its impact on oil prices.
Philippine Stocks and Peso Drop as US-Iran Peace Talks Stall
The Philippine Stock Exchange index fell along with the peso, driven by stalled US-Iran peace negotiations. Renewed geopolitical tensions have investors on edge.
PSEi Declines Amid Profit-Taking; Peso Weakens Further
The Philippine Stock Exchange index fell 0.25% on profit-taking, while the peso dropped against the dollar due to geopolitical concerns.
PSEi Rebounds While Peso Hits P61 Mark Again
The Philippine Stock Exchange index rose on Monday, recovering from previous losses. However, the peso weakened against the US dollar, hitting P61.15.
Peso Set to Weaken Further, May Fall Below 62 Against Dollar
The Philippine peso is predicted to depreciate further, potentially falling below 62 pesos per dollar. Analysts attribute this trend to ongoing geopolitical tensions and rising inflation.
PSEi Surges Past 6,000 as Peso Strengthens Amid US-Iran Deal Hopes
The Philippine Stock Exchange Index climbed above 6,000 on renewed investor optimism linked to potential US-Iran negotiations. The peso also gained ground, reflecting positive market sentiment.
Peso Expected to Slide to 62-63 Against US Dollar Amid Global Tensions
The Philippine peso is projected to weaken further to the 62-63 range against the US dollar due to ongoing geopolitical tensions and US monetary policy. Experts warn of significant impacts on the economy.