remember May-June?
anak ng... umakyat uli 44!!! why oh why? FED minutes? ano nga ba ang statement ng FED?
Sent from wireless device.
looks like almost everyone at the Fed is comfortable with winding down QE
FRB: FOMC Minutes, July 30-31, 2013
In looking ahead, meeting participants commented on several considerations pertaining to the course of monetary policy. First, almost all participants confirmed that they were broadly comfortable with the characterization of the contingent outlook for asset purchases that was presented in the June postmeeting press conference and in the July monetary policy testimony. Under that outlook, if economic conditions improved broadly as expected, the Committee would moderate the pace of its securities purchases later this year. And if economic conditions continued to develop broadly as anticipated, the Committee would reduce the pace of purchases in measured steps and conclude the purchase program around the middle of 2014.
BBC News - Asia's emerging markets and currencies hurt by Fed minutes
Shares and currencies in emerging Asian economies were hit by fears that US may scale back its bond-buying programme.
Stocks in Indonesia, Thailand and the Philippines fell, with the Philippine Stock Exchange down by more than 6%.
India's rupee hit a new all-time low, while the Indonesia rupiah fell to its lowest level since 2009.
The programme has been used by the US Fed to boost liquidity in the market, a part of which has flowed into Asia, lifting assets price in recent years.
On Wednesday, the minutes of the July meeting of the US central bank, the Federal Reserve, showed that officials were "broadly comfortable" with plans to scale back the $85bn (£54bn) a month bond-buying programme.
Bloody thursday. Psei plummetted 389.22pts to 6136.73..still managed to salvage 5 figure profit out of 50% of my funds redeemed during last trading day last week..paper losses na muna for the rest though it can be recovered by buying at low prices from redeemed puhunan..
All things considered, wait and see for now..
What's showing in cinemas..?![]()
Walandyo,- palibhasa earning $$$ ka, bro....
Pero, sa akin,- okay rin lang,- wala naman talagang benefit ang mas mataas na P vs. $,- mahal pa rin ang bilihin dahil swapang ang mga tao rito sa kita....
With higher $ vs. P,- mas magiging attractive ang investment dito sa Pilipinas...
Sige! Hala!
20.6K:hook1:
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lost na din ulit ako, lalo na nagpasok ako ng pera last june (pse 6200). Sabagay paper losses lang.
kelan ba time to buy ulit, now na o babagsak pa yan? I'm planning to add ulit kasi. Bwisit na pnb 0.5% na lang interest rate nila sa savings deposits e mas malaki pa nawawala sa akin sa inflation. Buti pa sumugal na lang sa stocks tutal always long term naman.
Hold on to your funds..medyo jittery ang emerging markets..there are more cheaper markets than us and ben bernanke seemed comfortable to start tapering QE this september..this month is a ghost month as well..
Take advantage of the forex fluctuations..from less than p41 last march it's now close to 3pesos more for every US buck..kaya ofws earning big bucks like yebo are awashed with funds they can splurge on..
As to the market sentiments it appears we are really on a bearish territory..one can gain very little if at all but more than what time deposit gives..dont invest in small amount, however if one expect bigger returns in a short term..
I plan to reinvest when psei is down to 6100 points max..which hopefully can happen by the end of august..all into uitf equity funds and redeem as psei hovers at 6500 by middle of september..in shah allah..
equity funds are mutual funds
so are bond funds and balanced funds....
Stay away or don't look at the bloodbath...
http://www.abs-cbnnews.com/business/...ear-3-year-low
PSEi still worst market in Asia; peso near 3-year low
ABS-CBNnews.com
Posted at 08/28/2013 6:05 PM | Updated as of 08/28/2013 6:14 PM
MANILA, Philippines - The Philippine Stock Exchange index was again the worst market in Asia on Wednesday.
The PSEi closed at 5,738.06, down 3.02% or 178.93 points. The index recovered from morning trade, which saw the PSEi falling by as much as 6%.
But analysts warned the slide is not over yet, amid uncertainties in the Federal Reserve's stimulus program and the Syrian unrest.
They added the Philippines' second quarter GDP report, which will be released tomorrow, will also be a key factor in the market's direction.
Among the day's biggest losers were SM Investments, which plunged 7.45% to P634 and Alliance Global, which fell 5.68% to P23.25. Metrobank and Ayala Corp. also slipped more than 3 percent.
The Philippines, Thailand and Indonesian markets all slipped to bear market territory on Wednesday.
Meanwhile, the peso weakened by 25 centavos to close at P44.75 against the US dollar, its lowest level in nearly three years.
Kahapon 3% din binagsak. Does it look like a big fall or just superficial?