A LIKELY Bangko Sentral ng Pilipinas (BSP) rate cut, along with corporate earnings reports, could boost the stock market this week, analysts said.
A LIKELY Bangko Sentral ng Pilipinas rate cut, along with corporate earnings reports, could boost the stock market this week, analysts said.The benchmark Philippine Stock Exchange index , which had fallen for four consecutive weeks, managed a rebound to 6,154.99 last Friday, up 4.99 percent week on week. It remains 5.7 percent down from the start of the year, however.Philstocks Financial Inc.
But Unicapital Group research head Wendy Estacio-Cruz, who said that 'investors are now watching out for the BSP's first monetary board meeting on Feb. 13,' said that the BSP's policymaking Monetary Board was likely to 'leave interest rates steady.''Recall that the US decided to maintain its policy rates last Jan. 28-29,' she noted.Online stock brokerage firm 2TradeAsia.com, meanwhile, said 'amidst ...
Cut Earnings News Could Send Market Higher
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