{"id":220810,"date":"2019-06-29T03:11:45","date_gmt":"2019-06-29T07:11:45","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=220810"},"modified":"2019-06-29T03:11:45","modified_gmt":"2019-06-29T07:11:45","slug":"local-stocks-down-peso-sideways-ahead-of-trump-xi-meeting","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/06\/29\/local-stocks-down-peso-sideways-ahead-of-trump-xi-meeting\/","title":{"rendered":"Local stocks down, peso sideways ahead of Trump-Xi meeting"},"content":{"rendered":"<figure id=\"attachment_220811\" aria-describedby=\"caption-attachment-220811\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/viber-image-2019-02-04-184101.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-220811\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/viber-image-2019-02-04-184101.jpg\" alt=\"\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/viber-image-2019-02-04-184101.jpg 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/viber-image-2019-02-04-184101-768x481.jpg 768w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-220811\" class=\"wp-caption-text\">The Philippine peso ended sideways after the US dollar weakened ahead of the Trump-Xi meeting this weekend while risk aversion resulted in a decline of the main equities index as the trading week came to a close. (PNA Photo)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; The Philippine peso ended sideways after the US dollar weakened ahead of the Trump-Xi meeting this weekend while risk aversion resulted in a decline of the main equities index as the trading week came to a close.<\/p>\n<p>The local currency finished the week at 51.24 from 51.27 a day ago, which the BPI Research attributed to the scheduled meeting of US President Donald Trump and China President Xi Jinping, at the sidelines of the G-20 meeting in Japan, to try to thresh out trade disputes.<\/p>\n<p>It opened the day at 51.2, better than the previous session\u2019s 51.38.<\/p>\n<p>It traded between 51.27 and 51.17, resulting to an average of 51.233.<\/p>\n<p>Volume amounted to USD726.79 million, lower than the previous session\u2019s USD876.87 million.<\/p>\n<p>The currency pair is forecast to range between 51.20 and 51.35.<\/p>\n<p>On the other hand, a day after recovering the Philippine Stock Exchange index (PSEi) declined by 0.72 percent, or 57.93 points, to 7,999.71 points.<\/p>\n<p>All Shares also ended the week on the red after it contracted by 0.62 percent, or 30.53 points, to 4,893.78 points.<\/p>\n<p>Industrial registered the biggest drop among the sectors with 1.45 percent and was followed by the Financials, 1.06 percent; Property, 0.67 percent; Services, 0.34 percent; and Holding Firms, 0.29 percent.<\/p>\n<p>Only Mining and Oil ended with gains after it rose by 0.85 percent.<\/p>\n<p>Volume reached 1.3 billion shares amounting to PHP19.56 billion.<\/p>\n<p>Decliners led gainers at 107 to 89 while 53 shares were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The Philippine peso ended sideways after the US dollar weakened ahead of the Trump-Xi meeting this weekend while risk &hellip;<\/p>\n","protected":false},"author":44,"featured_media":220811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-220810","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\/220810","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=220810"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/220810\/revisions"}],"predecessor-version":[{"id":220812,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/220810\/revisions\/220812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/220811"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=220810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=220810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=220810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}