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  1. Join Date
    Nov 2005
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    34,818
    #341
    Morning

    Market to remain volatile this week as investors remain cautious

    Middle East geopolitics

    US-China trade war



    --



    PEZA reported US and SK companies putting on hold expansion plans coz of concerns over phase 2 of TRAIN

  2. Join Date
    Nov 2005
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    34,818
    #342
    PSEI

    March 26 low 7,834.11

    will we see a test of that level?

    if it breaks below, downtrend will continue

  3. Join Date
    Sep 2003
    Posts
    21,866
    #343
    DIVE! DIVE! DIVE!

    As of April 17, 2018
    11:32:00 AM

    PSEi
    7,760.16
    Down-110.09
    Down-1.40%▼

    Ayala Land below 40...

    ALI

    39.55
    Down-0.50
    Down-1.25%▼

  4. Join Date
    Feb 2008
    Posts
    10,760
    #344
    Sonamagun! Matira ang matibay. Philippine Economy Talk

    Sent from my SM-N950F using Tapatalk

  5. Join Date
    Nov 2005
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    34,818
    #345
    Quote Originally Posted by uls View Post
    PSEI

    March 26 low 7,834.11

    will we see a test of that level?

    if it breaks below, downtrend will continue


    and i thought it would test that level

    it broke below it like it wasn't there




  6. Join Date
    Nov 2010
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    21,653
    #346

  7. Join Date
    Nov 2005
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    #347
    remember those headlines a couple years ago saying the Philippine economy will benefit most from low oil prices coz we import most of our oil

    like this one: How falling oil prices could be good for PH

    that was when brent fell to $30

    now brent is at $70, we'll get the opposite effect

    --

    aside from TRAIN which is being blamed for higher prices

    reminder lang PHP has depreciated against the dollar which makes imports more expensive which also contributes to rising inflation

    --

    current account deficit (more dollars going out than coming in)

    that's making PHP weak

    --

    Ph credit growth (one of the highest in the region)

    contribute to overheating

    --

    BSP afraid to move

    rate hike will slow down economy

    not moving will let economy overheat

    BSP hoping inflation will level off, come back down so it doesn't have to move

  8. Join Date
    Sep 2003
    Posts
    21,866
    #348
    Philippine Stock Woes Mount as 218 Losses Pass $2 Billion Mark - Bloomberg


    The Philippine Stock Exchange Index dropped as much as 2.3 percent in Manila trading, on track for its lowest close since May 2017, with five stocks falling for each that gained. The gauge has lost almost 10 percent since the end of 2017 as rising inflation, Asia’s worst performing currency and a brewing U.S.-China trade war have increased investor caution toward one of the region’s most expensive markets.

    Puregold Price Club Inc., one of the nation’s largest grocery store operators, tumbled more than 11 percent, its sharpest loss since August 2015 after 2017 earnings missed estimates and analysts warned about headwinds. BDO Unibank Inc., the nation’s biggest bank, fell as much as 4 percent, the biggest drag on the index.

    “We could still see more selloff as there are concerns in the market that consumer spending is getting hurt from the weaker peso and higher inflation," said Jonathan Ravelas, chief market strategist at BDO Unibank. “The optimism that consumer spending will pick up from the tax reform has been replaced by questions such as how much earnings will be hit by the weaker peso and higher oil prices."
    Last edited by Monseratto; April 17th, 2018 at 10:23 PM.

  9. Join Date
    Jul 2009
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    3,598
    #349
    Hope you guys got out early..

  10. Join Date
    Nov 2005
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    34,818
    #350
    market using puregold earnings as a gauge for health of consumer spending

    since Ph economy is powered by consumer spending, puregold's disappointing 2017 earnings is an indication that consumers are getting squeezed

    probably side effect of higher fuel prices

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Philippine Economy Talk