PH stocks seen trading sideways this week

Defining the News

Philippine stocks are expected to trade sideways with a downward bias this week following the hawkish stance by the US Federal Reserve and as the peso stays above the 58 against the US dollar level.

“The PSEi remains range-bound around the 6,400 to 6,800 band, with macro downside risks preventing any propulsion towards the medium-term resistance of 6,800,” 2TradeAsia.com said.

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:

MlaStandard /  🏆 20. in PH

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.

Marcos: PH won't use water cannons to avoid tension in West Philippine SeaDefining the News
Read more »

Hamas, Israel entrench Gaza truce positionsDefining the News
Read more »

Marcos eyes return to old academic calendar in 2025Defining the News
Read more »

Tatatito Home Kitchen's special offerings for Mother's and Father's DayDefining the News
Read more »

UFCC Petitions LWUA for COWD Management and Performance AuditDefining the News
Read more »

DA backs House move on rice tariffication lawDefining the News
Read more »