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Tuesday markets: Peso-dollar rate at P48.34; stocks down

The peso and stock market both ended lower Tuesday, October 25. The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P48.34, weaker than Monday’s (October 24) rate at P48.19. At the Bangko Sentral ng Pilipinas reference exchange rate bulletin, the exchange rate was pegged at P48.29 to the greenback. Likewise, the bellwether Philippine Stock Exchange Index (PSEi) shed 29.09 points (0.38%) to close at 7,580.22. The all-shares index also slipped by 7.86 points (0.18%) at 4,491.09.

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Asian stocks advance amid earnings as Dollar gains; Oil steady

Asian stocks rose to a two-week high after U.S. shares rallied amid a flurry of takeovers and better-than-expected corporate earnings. The dollar strengthened versus most peers. Almost three shares advanced for every one that fell on the MSCI Asia Pacific Index in early Asian trading and U.S. equity index futures edged higher following the S&P 500 Index’s best close in two weeks. Benchmarks gained in Australia, Japan and New Zealand, while South Korea’s declined. Crude oil was little changed, having lost ground on Monday after Iraq threatened to derail OPEC’s planned output cuts by saying it should be exempt. The U.S. earnings season has so far given a lift to investor sentiment, with about 80 percent of the companies to have reported so far beating estimates, and the pace of announcements picks …

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Monday markets: Peso-dollar rate at P48.19; stocks lower

The trading week commenced with the peso and stock market in opposite directions Monday, October 24. The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P48.19, stronger than Friday’s (October 21) rate at P48.33. At the Bangko Sentral ng Pilipinas reference exchange rate bulletin, the exchange rate was pegged at P48.28 to the greenback. On the other hand, the bellwether Philippine Stock Exchange Index (PSEi) lost 40.91 points (0.53%) to close at 7,609.31. The all-shares index also slipped by 19.16 points (0.42%) at 4,498.95.

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Friday markets: Peso-dollar rate at P48.33; stocks in the red

The peso and stock market capped the trading week in the red Friday, October 21. The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P48.33, weaker than Thursday’s (October 20) rate at P48.10. At the Bangko Sentral ng Pilipinas reference exchange rate bulletin, the exchange rate was pegged at P48.04 to the greenback. Meanwhile, the benchmark Philippine Stock Exchange Index (PSEi) shed 63.10 points (0.82%) to close at 7,650.22. The all-shares index also slid by 18.79 points (0.41%) at 4,518.11.

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Thursday markets: Peso-dollar rate at P48.10; stocks down

The peso and stock market ended mixed today, October 20. The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P48.10, stronger than Wednesday’s (October 19) rate at P48.16. At the Bangko Sentral ng Pilipinas reference exchange rate bulletin, the exchange rate was pegged at P48.18 to the greenback. Meanwhile, the benchmark Philippine Stock Exchange Index (PSEi) shed 8.25 points (0.11%) to close at 7,713.32. The all-shares index, however, climbed by 2.41 points (0.05%) at 4,536.90.

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Asian markets mostly up as China economy stabilizes

Most Asian markets rose for a second day Wednesday as China said its economy expanded more than expected in the third quarter, bolstering hopes of stability in the key driver of global growth. News that growth came in at 6.7 percent during July-September, beating a forecast in an AFP poll, will come as welcome relief as a years-long slowdown in the country has been a major drag on economies from Asia to the Americas. "The general performance was better than expected," the National Bureau of Statistics said in a statement. "The national economy grew steadily with progress made and quality improved." While the figure is within the government's target of 6.5-7.0 percent for the year, that is about the same as last year, which was the slowest pace in a quarter of a …

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Tuesday markets: Peso-dollar rate at P48.20; stocks climb

The peso and stock market closed stronger today, October 18. The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P48.20, higher than Monday’s (October 17) rate at P48.52. At the Bangko Sentral ng Pilipinas reference exchange rate bulletin, the exchange rate was pegged at P 48.52 to the greenback. Likewise, the benchmark Philippine Stock Exchange Index (PSEi) climbed by 212.94 points (2.89%) to close at 7,571.15. The all-shares index also closed higher by 92.81 points (2.13%) at 4,460.38.

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Asian stocks gain before China data, Europe rate meeting

SEOUL, South Korea — Asian stock markets rose Tuesday ahead of China's release of quarterly growth data and a policy meeting of the European Central Bank later in the week. KEEPING SCORE: Japan's Nikkei 225 added 0.1 percent to 16,920.86 while South Korea's Kospi gained 0.3 percent to 2,033.14. Hong Kong's Hang Seng index gained 0.9 percent to 23,239.97 and China's Shanghai Composite Index advanced 0.5 percent to 3,056.93. Australia's S&P/ASX 200 rose 0.4 percent to 5,412.50. Stocks in Southeast Asia were mostly higher. But Thailand's main index dropped 0.6 percent. ANALYST'S TAKE: "This week's China monthly data dump will certainly attract attention given last week's deplorable trade data," said Stephen Innes, a senior trader at OANDA. "After a shaky start to the year, China economy has stabilized thanks to easy money …

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Monday markets: Peso-dollar rate at P48.52; stocks down

The peso and stock market ended the trading week weaker today, October 17. The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P48.52, lower than Friday's (October 14) rate at P48.44. At the Bangko Sentral ng Pilipinas reference exchange rate bulletin, the exchange rate was pegged at P 48.34 to the greenback. The benchmark Philippine Stock Exchange Index (PSEi) also decreased by 31.09 points (0.42%) to close at 7,358.21. The all-shares index also closed lower by 35.12 points (0.80%) at 4,367.57

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US dollar climbs on upbeat data

NEW YORK -- The US dollar rose against most major currencies on Friday as economic data from the country came out positive. The US Producer Price Index (PPI) for final demand rose 0.3 percent in September, seasonally adjusted, beating market consensus, the Labor Department reported Friday. Meanwhile, the US Commerce Department announced Friday that advance estimates of US retail and food services sales for September increased 0.6 percent from the previous month to USD459.8 billion, on par with market estimates. Analysts said the overall upbeat economic data bolstered market speculation for an interest-rate hike by year-end. The dollar index, which measures the greenback against six major peers, was up 0.38 percent at 97.883 in late trading. In late New York trading, the euro fell to USD1.0998 from USD1.1049, and the British pound dropped to USD1.2191 …

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