Shares drop on profit taking before inflation data - BusinessWorld Online

Shares drop on profit taking before inflation data - BusinessWorld Online

PHILIPPINE STOCKS ended their three-day climb on Monday as investors booked profits before the release of April inflation data. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.81% or 52.23 points to close at 6,359.63, while the broader all shares index went down by 0.58% or 21.86 points to 3,719.26. “Philippine shares succumbed to profit taking, pulling back to the 6,300 level, while investors wait for the latest inflation prin…

Stock investors tuned to local data, including inflation

MANILA, Philippines –  Investors will keep an eye on key economic data at home this week after getting an energy boost from potential trade talks between the United States and China. Wendy Estacio-Cruz, research head at Unicapital Securities Inc., said over the weekend that the benchmark stocks index may have room for a climb this

After the poor first-quarter GDP data, the second most important Hungarian macro data release is coming this week: the inflation forecast. Friday's data will be crucial for the assessment of the central bank's interest rate path and price controls. In addition, several important international decisions are expected in the second half of the week: the Fed and the Bank of England will also make interest rate decisions. Although the stock markets h…