Peso, inflation seen driving stock market

By Earl John Alfaro

Jun 03, 2024 12:43 am

THE peso's performance and inflation data due Wednesday will likely drive the stock market's performance this week, analysts said, with investors also looking to bargain-hunt following recent volatility.

The benchmark Philippine Stock Exchange index (PSEi), which hit an over five-month low last week, recovered some ground on Friday but still ended down 2.82 percent week-on-week at 6,433.10.

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