Any Ideas are Welcome : Today's News

Local stocks struggled to hold on to previous gains as the benchmark Philippine Stock Exchange index (PSEi) fell below 7,000 anew after the US Federal Reserve announced an expected interest rate hike. By the closing bell, the PSEi shed 0.70 percent, or 49.57 points, to 6,986.19 while the broader All Shares index slipped 0.09 percent, or 3.39 points, to 3,683.78. The US Fed raised the key interest rate by 25 basis points overnight. While this was in line with expectations, investors remain wary about future increases after the Fed gave no indication of a rate hike pause in the coming months. Trading activity remained robust on Thursday as 1.3 billion shares valued at P8.93 billio...

Keep on reading: 7,000 proves slippery for PSEi as investors gauge Fed plans
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