The local stock market bounced back yesterday as investors continue to evaluate the potential impact of the Israel-Hamas conflict.
The Philippine Stock Exchange index jumped by 11.91 points or 0.19 percent to close at 6,264.07, following a knee-jerk reaction to the Israel-Hamas conflict.
Unicapital Securities said investors are still on the sidelines waiting for key economic data including US inflation, which is set to be released on Oct.12. The inflation data will provide a cue on the US Federal Reserve’s next move during its next policy meeting in November. One potential outcome of the violence is a slowdown in Iranian oil exports, which have been growing this year, according to Barclays energy analyst Amarpreet Singh. Less supply of crude would raise its price, all else equal.
SM Markets celebrates anniversary with month-long promotions, including special offers for Tatang's WeekendThe supplier of the new generation trains for the Light Rail Transit Line 1 has bagged a P9-billion deal to provide the airport... There is no escaping a fully digital world, but our government is struggling to understand the basics of cybersecurity… so, it can’t properly regulate the private sector and it can’t adequately...
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