Events abroad seen affecting stock market

By Brix Lelis

Jan 15, 2024 12:38 am

SUSTAINING the stock market's momentum this week could be challenging, analysts said, as reduced hopes for US Federal Reserve rate cuts and escalating tensions in the Middle East may weigh down sentiment.

The benchmark Philippine Stock Exchange index (PSEi), which has gained for the past two weeks, ended 0.2 percent higher week-on-week at 6,643.18 last Friday.

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