ABOUT GLO

Globe Telecom was incorporated in January 15, 1935 as Globe Wireless Limited,inheriting the franchise of Robert Dollar Company to operate wireless long distancemessage services in the Philippines. The company was later renamed as Globe-MackayCable and Radio Corporation, then merged with Clavecilla Radio Corporation in 1992 toform GMCR, Inc.—a move which gave the company the capability to provide all forms oftelecommunications to address the international and domestic requirements of itscustomers. GMCR, Inc. was subsequently renamed Globe Telecom, Inc.

 TECHNICAL CHART

BE CAUTIOUS AS THE CHINA AND USD TRADE WAR MAY DRAG ALL STOCKS DOWN – 

Trade tensions have had a ‘significant’ impact on China, IMF says

KEY POINTS
  • The International Monetary Fund (IMF) lowered its 2019 growth forecast for the world’s second-largest economy to 6.2% from 6.3% on Wednesday.
  • “The trade tensions have had an impact, significant, but in our view, so far contained,” Kenneth Kang, deputy director of the Asia-Pacific Department at the IMF and leader of the visiting team, told CNBC in an interview Wednesday.
  • Morgan Stanley economists also lowered their growth forecasts for China in a report dated Tuesday, down to 6.4% from a previous forecast of 6.5%. Read more @ https://www.cnbc.com/2019/06/05/trade-tensions-have-had-a-significant-impact-on-china-imf-says.html

High Risk Investment Warning:

Please note that Forex and other leveraged 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.

 

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