The 30-member Philippine Stock Exchange index (PSEi) inched up by 5.08 points or 0.07% to close at 6,585.20 on Monday, while the broader all shares index lost 0.41 point or 0.01% to 3,436.99. READ:
The 30-member Philippine Stock Exchange index inched up by 5.08 points or 0.07% to close at 6,585.20 on Monday, while the broader all shares index lost 0.41 point or 0.01% to 3,436.99.
On Friday, US West Texas Intermediate crude was 44 cents lower at $71.02 a barrel, while Brent crude closed 5 cents lower at $76.10 per barrel. “The markets also anticipate the latest US inflation data on Dec. 13, as the main US inflation gauge is expected to ease further … that could support smaller Fed rate hikes going forward… also ahead of the Fed rate-setting meeting,” Mr. Ricafort added.
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