Global stocks neared one-month highs on Tuesday, after the Bank of Japan left monetary policy unchanged, bolstering the yen and Japanese stocks, while Chinese equity investors took little heart from speculation of a huge government rescue package.
The equities market this year as measured by the Philippine Stock Exchange index (PSEi) could rise as high as 7,500 points, especially if the country's growth path falls within target range, the First Metro Investment Corp. said on Thursday.
Bonds sold off and global equity markets failed to fully shake off New Year blues on Thursday after U.S. unemployment data indicated a resilient labor market, tempering expectations of Federal Reserve interest rate cuts in 2024.
Share prices surged 104 points Tuesday on the first trading day of the year, with the benchmark Philippine Stock Exchange index closing at 6,553.04 points.