Business > Top Business
Inflation surprise lifts peso, stocks

THE peso and the stock market rebounded on Friday, ending the trading on a positive note following a lift from better-than-expected inflation data and as investors bucked concerns over a wider war in the Middle East.

The currency strengthened by 7.5 centavos to P56.295 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 79 points, or 1.07 percent, to close at 7,467.92.

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