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via manilatimes.netMarkets

Peso, oil risks cloud prospects for Philippine equities

FROM THE WIRE · MANILATIMES.NET

RISING oil prices and continued pressure on the peso could weigh on Philippine equities in the coming weeks, with the possibility of a twin interest rate hike by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) adding to investor concerns.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRising oil and a weaker peso could weigh on Philippine stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Rising oil prices and peso pressure could weigh on Philippine equities.
  2. 02A possible twin interest rate hike by the Fed and BSP is adding to concerns.
  3. 03These worries could weigh on investor sentiment in the coming weeks.

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