pleyoutube.blogg.se

“Big focus on core PCE where consensus expects it to decelerate on sequential terms. Markets are awaiting the February reading for the personal consumption expenditures price index (PCE) from the US, the preferred metric by which the Fed measures its two percent inflation target. The local market bucked the trend in other Asian markets as investor focus shifted from worries about the global banking system to key US inflation data due later in the day, expected to give a fresh reading on the Federal Reserve’s monetary policy plans. The PSE has announced that there would be no trading on April 6 and 7, (Maundy Thursday and Good Friday) and April 10, Day of Valor. “PSEi falls 2.18 percent as investors ‘risk-on’ stays fragile over a long holiday next week,” D.A. Market breadth was negative, 107 to 73, while 47 issues were unchanged. Total value turnover reached P6.175 billion. The 30-company Philippine Stock Exchange index or PSEi closed at 6,499.68, down by 145.07 points or 2.18 percent, while the broader All Shares index slipped by 45.36 points or 1.28 percent to 3,493.37. MANILA, Philippines - The Philippine stock market turned red yesterday, ending a three-day rally, as investors cashed in early ahead of a long holiday break.