Defining the News
Philippine stocks rose to end five days of decline on bargain-hunting, while the peso slightly recovered to close at 58.51 against the US dollar Friday.
“Investors seized the opportunity to buy stocks at attractive prices following a five-day decline, resulting in a technical bounce at the 6,400-support level,” Alviar said. Meanwhile, most Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.
Most have called for rates to be kept elevated for some time, while some have even advocated for another hike. “Assuming the PCE comes in OK, the data suggests the Fed doesn’t need to hike and may cut later in the year,” Capital.com’s Kyle Rodda said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Para-bowler sells t-shirts to support family, ailing daughterDefining the News
Baca lebih lajut »
Striegl wins 1st fight after yearlong MMA absenceDefining the News
Baca lebih lajut »
First Lady vows full support to 2025 FIVB Volleyball Men’s World tourneyDefining the News
Baca lebih lajut »
Marapoc, Ramirez help defending champ Altas outclass St. BenildeDefining the News
Baca lebih lajut »
Globe harnesses AI, machine learning for enhanced network efficiency, sustainabilityDefining the News
Baca lebih lajut »
Blinken says US ‘determined’ to get deal ‘now’Defining the News
Baca lebih lajut »