MARKETS ARE MOVING TO NEW HIGHS’
The Dow posted an eighth consecutive session of gains amid further signs of de-escalation in the U.S.-China trade war. While the S&P 500 and Nasdaq ended Friday’s session lower, all three major indices posted weekly advances for a third straight week. Meanwhile, U.S. Treasury yields continued to march higher, with the 10-year yield recovering from a three-year low of 1.43% reached earlier this month to rise above 1.90%. This came even after the European Central Bank (ECB) unveiled a package of new stimulus measures Thursday, including a cut to the bank’s key deposit rate. The ECB also announced it would be relaunching a quantitative easing program to help shore up the flagging eurozone economy. MARKET WILL CONTINUE TO MOVE HIGHER
BACK IN PHILIPPINES THE STOCK MARKET GAINING MOMENTUM
PSEi firms up on easing US-China trade tensions – LOCAL SHARES firmed up on Friday, taking cues from Wall Street which was boosted by easing trade tensions between the the United States and China. The bellwether Philippine Stock Exchange index (PSEi) climbed 0.6% or 47.89 points to close the week at 7,992.32, while the broader all shares index likewise gained 0.48% or 23.18 points to 4,822.97. “Shares closed higher as investors digested a slew of US-China trade news along with a large bond-buying program from Europe’s central bank,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message. PSEi is still under-valued
TECHNICAL CHARTS OF – SCC, SPC, CHP AND MAC
We are optimistic of Philippines Stock Exchange – there are so much value in most of the companies here; this week we will buy and observe the stocks above.
- Pay attention to price
- Pay attention to indicators and the price movement
- Select your entries and management your positions
- Be cautious going in to early but observe Peso Averaging and P.E ratio.
STOCK & SHARES
Maybe you like a safer platform and instrument – so open a Practice account for Stocks & Shares @ Stock Market Practice Account – Before your jump into STOCKS & SHARES trading; then join our free classes Our FREE Classes
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Please note that trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.