The Philippine Stock Exchange Index (PSEi) rises by 1.23% following positive cues from Wall Street. Investor confidence remains high despite global uncertainties and steady interest rates from the Bangko Sentral ng Pilipinas.
The ASX is expected to open lower following a halt in Wall Street's rally, amidst concerns over inflation and potential interest rate hikes. Investors are closely watching economic indicators and geopolitical tensions.
Wall Street opened with a cautious tone post-Juneteenth holiday break. The S&P 500 and Nasdaq 100 dipped due to profit-taking in chipmaker stocks. Energy rebounded, surging oil prices boosted oil companies, and Treasury yields rose.
Asian indices are firm after Wall Street's record high, driving optimism across global markets. Key boosts from tech, healthcare, and consumer sectors are aiding this bullish trend. Investors are reassessing portfolios amid economic recovery and strong US data.
Wall Street's megabanks are turning their focus towards midsize companies to find alternative revenue streams amidst fewer large deals. This strategic shift benefits both parties, providing substantial fees for banks and expert guidance for companies.
