Defining the News
Philippine stocks finished lower Wednesday as investors took time to analyze the latest movement in US bond yields and corporate earnings.
Regina Capital and Development Corp. head of sales Luis Limlingan said investors were also monitoring the impact of US President Joe Biden’s visit to Israel on the Middle East conflict. Gaza’s health ministry blamed Israel for the hospital explosion, but Israel said it was caused by a rocket misfired by Hamas ally Islamic Jihad.
There was an increase in fighting between Israeli troops and Tehran-backed Hezbollah on the Lebanon border. The figures were helped by a healthy jump in retail sales, suggesting the country’s consumers are regaining a little confidence, though officials continue to face calls for more stimulus to kickstart the economy.
A report showing a better-than-expected rise in US retail sales revived talk of another interest rate hike by the Federal Reserve, even after a string of decision-makers lined up in recent weeks to suggest monetary policy was likely tight enough to bring inflation down.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gaza hospitals at ‘breaking point’ as desperate residents seek shelterDefining the News
Read more »
French school killer claimed attack for Islamic State group: prosecutorDefining the News
Read more »
Ghana floods displace thousands of peopleDefining the News
Read more »
Health benefits of dragon fruitDefining the News
Read more »
US says China ordering ‘risky’ harassment of US military planesDefining the News
Read more »
Appeal-enhancing flavor chemicals in cigarettes reveal causes for concernDefining the News
Read more »