Market turns to data for leads after volatile April - BusinessWorld Online

Market turns to data for leads after volatile April - BusinessWorld Online

KEY economic data and corporate results could help Philippine shares sustain their momentum this month after global trade concerns roiled markets in April, even dragging the local stock benchmark to a multi-year low. The bellwether Philippine Stock Exchange index (PSEi) ended April in the green as it rose by 1.64% or 102.80 points to close at 6,354.99 on Tuesday. Month on month, the PSEi was also up by 2.82% or 174.27 points from its 6,180.72 fi…

Peso rallies back to 55:$1 on weakening greenback

MANILA, Philippines — The Philippine peso appreciated to the 55-level for the first time in over seven months on Wednesday, as the greenback continued to be vulnerable to shocks emanating from US President Donald Trump’s erratic trade war. The local currency finished yesterday’s trading at 55.84 against the US dollar, gaining 30.5 centavos from its