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Philippines stocks decline
On Thursday, Philippines stocks dived after the close because losses in the Services, Mining & Oil as well as Property sectors brought stocks down.
The PSEi Composite went down 0.88%, reaching a fresh 1-month minimum.
On the PSEi Composite the best gainers were Universal Robina Corp, Aboitiz Power Corp and Emperador Inc. They soared respectively 0.94%, 0.65% and 0.53%.
Losers were represented by PLDT Inc, Globe Telecom Inc and Alliance Global Group Inc, losing respectively 3.59%, 3.32% and 2.78%.
Diving stocks managed to defeat advancing ones on the Philippines Stock Exchange by 134 to 79, while 38 stood still.
The currency pair CNY/PHP edged up 0.34%, trading at 7.4521, while USD/PHP climbed up 0.05%, trading at 50.530.
As for the US Dollar Index Futures, it inched down 0.29%, being worth 95.50.
Meanwhile, August delivery gold futures slumped 0.16%, trading at a troy ounce. Besides this, August delivery oil futures ascended 0.78%, trading at $45.09 a barrel.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.