Peso, inflation seen driving stock market

THE peso's performance and inflation data due Wednesday will likely drive the stock market's performance this week, analysts said, with investors also looking to bargain-hunt following recent volatility.The benchmark Philippine Stock Exchange index , which hit an over five-month low last week, recovered some ground on Friday but still ended down 2.82 percent week-on-week at 6,433.10.Luis Limlingan, managing director at Regina Capital Development Corp.

0 percent target, may also weigh on market sentiment,' Tantiangco said.The Bangko Sentral ng Pilipinas on Friday said that inflation could have hit as high as 4.5 percent last month due to power rate hikes, costlier vegetables and a weaker peso.The 3.7- to 4.5-percent estimate released by the central bank still includes the possibility of an easing from April's 3.8 percent, but is skewed toward a breach of the BSP's 2.0- to 4.0-percent target.A result higher than 4.

Source: News Formal (newsformal.com)

Inflation Seen Driving Stock Market

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peso, stock market hit multi-month lowsTHE peso hit a new near-19-month low on Thursday, weakening by 21-and-a-half centavos to P58.635 against the dollar, and the stock market fell for a fifth straight day to an over five-month low of 6,321.75
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Peso back at P57:$1 level; stock market touches 6,400THE currency strengthened enough to return to the P57:$1 level on Tuesday, but the stock market fell for a third straight day following reports that interest rate cuts could stay higher for longer.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Peso snaps win streak; stock market edges lowerTHE peso and stock market both closed the week on a negative note, with the currency snapping a three-day winning streak and the bourse threatening a return to the 6,500 level.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Whisper your way to a million peso prizeDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Jollibee weighs impact of weak peso on operationsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

PH stocks end five-day slump; peso reboundsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »