Markets,peso lifted by Fed minutes

Sumary of Markets,peso lifted by Fed minutes:

  • Note that markets will be closed on Thursday for the Thanksgiving vacation and will close early on Friday, he added.
  • The currency opened at P56. 88 and traded as low as P56. Total volume for the session was $868. 5 million, higher than Wednesdays $687. All sectoral indices, except industrial and property, meanwhile, ended the day in the green.
  • Regina Capital Managing Director Luis Limlingan, meanwhile, said Philippine shares sustained the rally as investors parsed through the latest FOMC (Federal Open Market Committee) meeting minutes, which pointed to a slowdown in Feds tightening in the coming months.
  • THE stock market and the peso had another good day on Thursday, both closing higher as investors took heart from a string of upbeat reports.

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