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Further rate hikes to weigh on stocks

Published on: Sunday 29 May 2022

MANILA, Philippines — Stocks may face selling pressure this week ahead of the respective policy meetings of the Philippines and US central banks. Stock portal 2TradeAsia said investors can expect another round of volatility in the coming sessions after Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno hinted at a sequel rate hike in the Monetary Board’s upcoming June meeting. Likewise, investors are anticipating another rate hike by the...

News source: https://www.msn.com/en-ph/finance/markets/further-rate-hikes-to-weigh-on-stocks/ar-AAXR0a5

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Further rate hikes to weigh on stocks