Share prices on the Philippine Stock Exchange rallied on Monday as investors’ appetite for risky assets were roused by the latest US jobs data that exceeded expectations and indicated a strengthening US economy.
The data released on Friday showed that 287,000 jobs were created in June or 112,000 more than expected. That robust growth lit, according to an AFP report, a fire under US and European shares, which, the agency said, were also fired up by hopes for fresh central bank stimulus. As a result, all three main indexes on Wall Street surged while European markets also rallied.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.