On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Philippines equities slump at close of trade
On Thursday, Philippines shares dived after the close because losses in the Mining & Oil, Holding Firms as well as Property sectors suppressed equiites.
The PSEi Composite went down 0.60%.
On the PSEi Composite the best performance was demonstrated by such benchmarks as GT Capital Holdings Inc, Security Bank Corp and Robinsons Land Corp. They went up 2.15%, 2.05% and 1.73% respectively.
Meanwhile, the losers were represented by Semirara Mining Corp, JG Summit Holdings Inc and Petron Corp. They inched down respectively 5.11%, 4.75% and 2.70%.
Declining equities outnumbered growing shares on the Philippines Stock Exchange by 105 to 91, while 50 stood still.
The currency pair CNY/PHP gained 0.05% reaching 7.6680, USD/PHP managed to soar 0.02% being worth 51.000.
The US Dollar Index Futures headed south 0.03% demonstrating an outcome of 93.28.
Meanwhile, December delivery gold futures rose 0.23% trading at $1279.68 a troy ounce.
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.