{"id":203581,"date":"2019-02-23T04:46:32","date_gmt":"2019-02-23T09:46:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=203581"},"modified":"2019-02-23T04:46:32","modified_gmt":"2019-02-23T09:46:32","slug":"psei-peso-end-week-up-on-us-china-trade-talks","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/02\/23\/psei-peso-end-week-up-on-us-china-trade-talks\/","title":{"rendered":"PSEi, peso end week up on US-China trade talks"},"content":{"rendered":"
\"\"<\/a>
PSEi gained 0.39 percent, or 30.83 points, to 7,962.3 points, which Regina Capital Managing Director Luis Limlingan traced to the update on the US-China trade talks. (Photo: qvist\/ShutterStock)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Reports that US and Chinese officials are now starting with the framework to be used for a possible trade deal between their economies boosted both the Philippine Stock Exchange index (PSEi) and the peso on Friday.<\/p>\n

PSEi gained 0.39 percent, or 30.83 points, to 7,962.3 points, which Regina Capital Managing Director Luis Limlingan traced to the update on the US-China trade talks.<\/p>\n

Limlingan said reports of more indications, particularly from Europe and Japan, pointing to a possible global economic slowdown was outpaced by the news on the US-China trade discussions.<\/p>\n

\u201cThe fears about a worldwide slowdown were somewhat muted by reports that US and Chinese negotiators were beginning to outline a deal to end a long-running trade spat,\u201d he said.<\/p>\n

Citing reports, Limlingan said China has put forward a proposal to increase by USD30 billion annually its purchases from the US, to include agricultural commodities, such as soybeans, corn and wheat.<\/p>\n

This latest turnout was noted by investors thus, the general risk-on sentiment in the Philippines\u2019 equities market during the day.<\/p>\n

All Shares mirrored the main gauge after it rose 0.55 percent, or 26.83 points, to 4,883.83 points.<\/p>\n

Property rose 1.12 percent and was followed by Holding Firms, 0.60 percent; Industrial, 0.47 percent; and Services, 0.26 percent.<\/p>\n

However, Financials and Mining and Oil fell 0.99 percent and 0.19 percent, respectively.<\/p>\n

Volume reached 1.51 billion amounting to PHP8 billion.<\/p>\n

Losers led gainers at 97 to 89, while 54 shares were unchanged.<\/p>\n

Relatively, the peso ended the week at 52.065 from 52.13 in the previous session.<\/p>\n

A trader attributed the peso\u2019s strength during the day also to the news on the US-China trade discussions.<\/p>\n

It opened the day at 52.24 from 51.98 a day ago, and traded between 52.25 and 52.04, bringing the day\u2019s average to 52.149.<\/p>\n

Volume reached USD961.87 million, lower than the USD1.23 billion a day ago.<\/p>\n

The currency pair is seen to trade between 52 and 52.30 next week.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Reports that US and Chinese officials are now starting with the framework to be used for a possible trade …<\/p>\n","protected":false},"author":44,"featured_media":183198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-203581","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/203581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=203581"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/203581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/183198"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=203581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=203581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=203581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}