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via manilatimes.netMarkets

Sentiment focuses on rate hike and depreciation

FROM THE WIRE · MANILATIMES.NET

PHILIPPINE equities may extend their decline this week as the Bangko Sentral ng Pilipinas’ (BSP) larger-than-expected interest rate hike, the peso’s record weakness and uncertainty over the US Federal Reserve’s policy decision weigh on investor sentiment.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe BSP's larger-than-expected rate hike and record peso weakness weigh on Philippine equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Philippine equities may extend their decline this week.
  2. 02The BSP's rate hike was larger than expected.
  3. 03The peso hit record weakness and the US Fed's decision is uncertain.

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