Latest Breaking News On - Send microsoft - Page 1 : comparemela.com

FED RATE HIKE. The local stock barometer recovers on Monday (April 25, 2022) as earnings report season starts, and on expectations for further hikes in the Federal Reserve's key rates. However, the peso weakened against the US dollar. (PNA file photo) MANILA - The main stock gauge started the week up on investors' anticipation for another increase in the Federal Reserve's key rates in May, but the peso weakened against the US dollar. After a slump at the end of last week's trading, the Philippine Stock Exchange index (PSEi) recovered and jumped by 0.32 percent, or 22.24 points, to 7,020.83 points. All Shares finished sideways after a rise of 0.03 percent, or 1.20 points, to 3,722.80 points. However, most of the sectoral gauges fell during the day, namely Mining and Oil, 5.14 percent; Financials, 0.89 percent; Industrial, 0.65 percent; Services, 0.11 percent; and Property, 0.02 percent. Only the Holding Firms index gained during the day after it increased by 1.34 percent

San carlosNegros occidentalMichael ricafortLuis limlinganRizal commercial banking corporationHolding firmsRegina capital development corporationPhilippine news agencyFederal reservePhilippine stock exchangeGoogle parent alphabetMeta platformsCommercial banking corporationFed rate hike the local stock barometer recovers on monday april 25022 as earnings report season startsNd on expectations for further hikes in the federal reserve 39s key rates however