The Philippine Stock Exchange Index (PSEi) tilted lower on Friday while holding above the 5,900 level, mirroring weak markets across the region ahead of an anticipated jobs report in the United States. The benchmark measure ended the session lower by 0.04 percent, or 2.08 points, to 5,932.19 while the broader All Shares index rose 0.03 percent, or 0.80 points, to 3,200.59. Local shares followed Chinese, Japanese and other regional indices lower due to broader worries the ongoing monetary tightening cycle could trigger a global recession. The US September jobs report could provide hints on the next steps of the Federal Reserve as investors hope for relief from the recent wave of agg...
Keep on reading: Recession worries weigh down PSEi
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Keep on reading: Recession worries weigh down PSEi
from INQUIRER.net https://ift.tt/T7bOjPA
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