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106 stories mentioning Philippine Stock Exchange Index (PSEi)Updated 3d ago

Philippine equities trade amid Middle East peace optimism as the country expects roughly $10 billion in initial investment for a US-supported AI hub.

International

Philippine Annual Inflation Eases to 6.8% in May

The Philippines' annual inflation rate eased to 6.8% in May from 7.2% in April, according to data from the Philippine Statistics Authority on Friday.The latest print was lower than the market consensus forecast of 7.5%, according to Investing.com.Food inflation fell to 5.8% in May from 6.1% the previous month.Core inflation, which excludes selected food and energy items, increased to 4.1% in May from 3.9% in April, also missing the consensus forecast of 4.2%.

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International

Philippine Production Index Rises 14.7% in April

The Philippines' value of production index for manufacturing rose 14.7% annually in April, faster than the 13.1% increase in March, data from the Philippine Statistics Authority showed on Friday.In April 2025, the index had posted a 2.2% annual decline.Meanwhile, the volume of production index rose 12% in April, faster than a 10.2% rise the month prior, and compared with a 2.4% decline a year earlier.The country's production index measures real output in the manufacturing sector.The value of the net sales index for manufacturing grew 6.8% year on year in April, slower than the 8% annual growth in the preceding month.The volume of net sales index rose 4.2% year on year in April, versus a 5.2% annual rise in the month prior, the data showed.

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International

OECD Cuts Philippines GDP Growth Projections for 2026, 2027

The Organisation for Economic Co-operation and Development (OECD) trimmed the Philippines' real GDP growth outlook to 3.2% in 2026 from the 5.1% projection in December 2025.The growth forecast for 2027 was also cut to 5% from 5.8% previously due to weaker household demand and higher inflation, according to a Thursday report.The OECD said private consumption is expected to soften as rising energy prices and weaker labour market conditions weigh on real incomes.Inflation is projected to rise further due to higher energy costs and peso depreciation, while the current account deficit is expected to widen, it said.The organization also said the Philippines, as a net energy importer, remains vulnerable to global energy price shocks and geopolitical tensions in the Middle East.The country's monetary policy is expected to tighten in 2026, while fiscal policy will remain expansionary in the near term due to energy-related support measures, OECD said.The public investment is expected to recover gradually after weakening in late 2025, though risks remain tilted to the downside, according to the report.

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Asia

OECD Cuts Philippines Growth Forecast to 3.2% in 2026

The Organisation for Economic Cooperation and Development (OECD) has cut its economic growth forecast for the Philippines to 3.2% in 2026, in its June Economic Outlook released on Wednesday.The latest estimate is significantly slower than its 5.1% forecast made in December 2025.The global organization also slashed its 2027 growth projection for the Asian nation to 5% from 5.8% previously.The country's GDP growth slowed to 2.8% year-on-year in the first quarter of 2026, reflecting weaker domestic demand weighed down by higher inflation.OECD also expects consumption to soften due to higher inflation and weaker labor market conditions; however, it sees public investment recovering gradually following the contraction seen in late 2025.The report raised its Philippine inflation forecast to 6.8% in 2026 amid higher energy prices and the peso depreciation. The projected level exceeds the government's 2%-4% target range for the year."Monetary policy is expected to tighten in 2026 as inflation and exchange rate pressures rise. Fiscal policy will be more expansionary in the near term due to energy-related support measures, before returning to consolidation in 2027," the OECD said in its report.

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Asia

Several Asian Countries Face Additional US Tariffs Over Forced-Labor Trade Practices

Several Asian countries could soon face additional duties on some of their exports to the U.S. following Washington's probe into imports produced using forced labor, the Office of U.S. Trade Representative (USTR) said Tuesday.The USTR said Bangladesh, Cambodia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Indonesia, Pakistan, and Vietnam are among the 54 economies that have failed to impose and effectively enforce a forced-labor import ban.The USTR proposed a 10% additional tariff for economies that have partially enforced bans on the importation of certain forced-labor goods and a 12.5% tariff for the rest.

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Asia

Market Chatter: Taiwanese Firms Boost Investment in Philippines as Supply Chains Shift

Taiwanese companies are increasing investment in the Philippines as global supply chains move away from China and ties between Manila and Washington grow stronger, Focus Taiwan reported Tuesday, citing Chung-Hua Institution for Economic Research expert.Investment has picked up notably since the COVID-19 pandemic, reaching about $257 million in 2025, although Vietnam still attracts more Taiwanese businesses in the region, according to the report.Companies are also responding to pressure from U.S. clients to set up production outside China. The Philippines is seen as attractive due to its young workforce, English skills, and location, but challenges remain such as higher power costs and limited high-end technical talent, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Banking Sector Growth Fastest Among 18 Broader Asian Sectors in May, S&P Data Shows

Banking sector growth was the fastest among the 18 broader Asian sectors in May, with activity expanding at the strongest pace in seven months, S&P Global said in a Wednesday release.Output growth was recorded across 16 of the 18 monitored Asian sectors last month, which was unchanged from April. Only the forestry and paper products, and construction materials sectors incurred declines from April, along with lower new orders received, S&P said.New orders rose across the remaining 16 sectors last month, led by the transportation sector.Employment increased in 10 of 18 sectors, with software & services and technology equipment experiencing the strongest hiring, while insurance witnessed a cutdown in employed staff.

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ASEAN Manufacturing Scene Strong in May: PMI Report
US Markets

ASEAN Manufacturing Scene Strong in May: PMI Report

Despite Persian Gulf troubles, ASEAN manufacturers logged stronger new orders and boosted production in May, reported S&P Global on Tuesday.The ASEAN manufacturing purchasing managers index (PMI) posted at 51.5 in May, up from 50.7 in April, and striking above the 50-mark that separates growth from contraction, reported S&P Global, citing its monthly surveys.The ASEAN PMI logged in positive territory for the 11th-straight month, as stronger domestic demand offset sluggish export orders.The S&P Global ASEAN PMI is a composite of national reports from 2,100 manufacturers in Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.After somewhat lagging in the three previous months, ASEAN manufacturers reported a "solid rise in new orders" in May, although "export sales declined for a third consecutive month," explained S&P Global.Despite improving orders and rising production, ASEAN factory managers kept a tight rein on payrolls in May. Factory sector employers "remained cautious about expanding employment, with May showing a slight decline in jobs," noted S&P Global.Manufacturers also faced rising costs in May, and responded by raising charges on customers. Both "cost burdens and charges rose at substantial and historically marked rates," said S&P Global.With orders improving, ASEAN factory managers in May were more confident in their year-ahead outlooks. Business "confidence regarding output over the coming 12 months improved further to a four-month high, suggesting that firms anticipate continued production growth," said S&P Global.But global events still tempered views. "However, ongoing trade disruptions and inflationary pressures, driven by the current war, will continue to act as headwinds to growth," advised S&P Global.ASEAN survey responses were collected by S&P Global from May 12 through May 20.

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Asia

Market Chatter: Philippines Eyes Fuel Reserve Plan to Tackle Oil Disruptions

The Philippines government is looking to build petroleum reserves to protect against oil supply-related disruptions amid the ongoing Middle East conflict, Business World reported Tuesday.With a large dependency on the Middle East for oil imports, the region has witnessed increasing fuel prices, a trend that is expected to ease this week.Prices are likely to see a drop of at least 4.76 Philippine peso per liter for gasoline, 9.26 peso per liter for diesel, and 10.86 peso per liter for kerosene, the report said citing Energy Secretary Sharon S. Garin.The authorities are planning to put in place a strategic petroleum reserve program, which includes the establishment of new stockpiling facilities, to further tackle the oil supply disruptions, the report said."This will be a more systematic and a more organized system, one that won't be reactive, as we will have our own reserves in the Philippines," Garin reportedly said.The Department of Energy and state-owned Philippine National Oil Company and Maharlika Investment are looking into building reserves for at least an additional 30 days, according to Garin.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Asia Week Ahead: Manufacturing Activity; Policy Rate Decision; and Inflation Prints

For the week ahead in Asia, manufacturing activity will be in focus as S&P Global releases a broad mix of purchasing managers' index reports covering multiple economies.The week opens with a flurry of manufacturing PMI readings for May, followed by inflation data from South Korea and Indonesia on Tuesday.Mid-week, Australia's first-quarter GDP report will take center stage, while markets will also watch a heavy batch of readouts from Vietnam.Thursday will be lighter, led by Australia's April trade report, before Friday brings India's policy rate decision and GDP figures and inflation readouts from multiple regions.Here's what to watch in the week ahead.MONDAY, June 1The week kicked off with a flurry of S&P Global's purchasing managers' index (PMI) reports covering May manufacturing activity across the region.China's manufacturing activity eased after the seasonally adjusted RatingDog China General Manufacturing PMI came in at 51.8, compared with 52.2 in the previous month and the consensus estimate of 51.4 from Investing.com.Data from the National Bureau of Statistic similarly showed factory activity easing, with the official purchasing managers' index falling to a neutral 50 from 50.3 in April.A reading above 50 means growth, while a reading below 50 indicates contraction.Manufacturing activity similarly slowed in Australia as new orders fell sharply for a third consecutive month amid rising costs and ongoing supply-chain disruptions linked to the war in the Middle East.In contrast, Japan's manufacturing production expanded, with the latest S&P Global Japan Manufacturing PMI coming in at 54.5, compared with 55.1 in April, matching the flash data.South Korean manufacturing output also expanded during the month, hitting its highest in five years due to a rise in production and new order volumes, S&P Global said.India, Taiwan and Vietnam were also among the regions that experienced improved output during May.Meanwhile, The Philippines' manufacturing activity returned to growth in May as stronger output and a recovery in new orders offset continued weakness in exports.Moving ahead, the Melbourne Institute said its monthly inflation gauge fell in May after two consecutive monthly increases, driven largely by a decline in transport costs. The monthly cost of living also declined in May, particularly for self-funded retirees.Elsewhere, South Korea recorded a trade surplus of $26.9 billion in May, a new all-time high, and marking the third straight month of more than $20 billion in trade surplus.TUESDAY, June 2Focus shifts Tuesday to inflation data coming in from South Korea.Economists at ING said consumer prices could reach 3% year on year in May, reflecting higher input costs that are likely to be passed on to consumers.Pipeline cost pressures are also likely to reflect in Indonesia's inflation print due Tuesday, with ANZ expecting prices to tick up to 3% from 2.42% in the prior month, the Wall Street Journal reported.Trade figures due in Indonesia the same day could also show moderating exports as the effects of front-loaded demand fade and commodity prices soften, the WSJ said, citing an RHB economist.On the activity front, S&P Global releases its monthly manufacturing PMIs for Indonesia, Malaysia, and Thailand. The Singapore Institute of Purchasing and Materials Management's PMI report is also expected.Lastly, Hong Kong will release its retail sales stats for April.WEDNESDAY, June 3Australia's first-quarter gross domestic product (GDP) data will dominate headlines Wednesday.Both Westpac and CommBank said they expect growth to have moderated during the first three months of the year, though their estimates differed.CommBank forecast a 0.2% quarterly rise in GDP, while Westpac projected 0.5%; both would be slower than the 0.8% growth recorded in the final quarter of 2025.Neighboring New Zealand will disclose first-quarter export and import price stats.Markets will also be following a speech by Bank of Japan Governor Kazuo Ueda for clues on the central bank's next interest-rate hike.Wednesday also features a heavy slate of macro data from Vietnam, including inflation, balance of trade, industrial production, and retail sales.Trading Economics expects Vietnam's May inflation to accelerate to 6% from 5.46% in April. Meanwhile, the data platform estimated the country's trade deficit could widen to $3.4 billion from $3.28 billion a month prior.Meanwhile, S&P Global will release the next batch of its PMI reports covering composite and services activity in China, India, Japan, Australia, and Hong Kong.THURSDAY, June 4Thursday will be relatively light on readouts, with Australia's April trade figures among the handful of releases of note.Australia is expected to post a trade surplus of A$2.6 billion in April, rebounding from a A$1.8 billion deficit in March - its first shortfall since late 2017, Westpac said in a preview.According to the bank, major commodity exports appeared to have increased notably during the period after recording three consecutive monthly declines.In Singapore, S&P Global's monthly PMI will be due, while Thailand will release a business confidence report.FRIDAY, June 5The tail end of the week brings a policy rate decision in India, which will also release its quarterly GDP growth figures.The Reserve Bank of India is expected to hold rates at 5.25% but could signal hawkish sentiment during its vote, the WSJ reported, citing a UOB economist.Meanwhile, a Trading Economics consensus placed the country's GDP growth rate at 7.3%, down marginally from the 7.8% recorded in the final quarter of 2025.ANZ Research said the economy stayed broadly healthy in the fiscal fourth quarter, although growth eased slightly in March as manufacturing, exports and profit margins came under pressure due to global disruptions, the WSJ reported.Taiwan is set to report monthly inflation data, with ING expecting consumer prices to rise above the 2% target for the first time since April 2025. The bank expects inflation to accelerate to 2.2% year on year in May from 1.7% in April, reflecting Taiwan's reliance on imported energy, which leaves the economy vulnerable to higher global prices."We expect inflation to peak toward the middle of this year, raising the risks for a potential central bank rate hike at the coming meetings," ING said in a preview.Thailand and the Philippines will similarly report their respective inflation rates for May, with the latter also releasing industrial production stats.Lastly, Singapore will report its retail sales figures for April.

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International

Philippines, Vietnam Reaffirm Stability, Adherence to International Law

Philippines and Vietnam have deepened their relationship to an enhanced strategic partnership during a state visit by Vietnamese leader To Lam to Manila, according to the Office of the President, Philippines.Both sides stressed shared commitment to maintaining peace, stability and a rules-based regional order anchored in international law.Philippine President Ferdinand Marcos Jr said the upgraded ties reflect stronger political and defence cooperation, as well as deeper economic, cultural and people-to-people linkages, noting Vietnam remains the Philippines' sole strategic partner in Southeast Asia.Both countries highlighted expanding collaboration across defence, agriculture, tourism, education and cultural exchanges, with bilateral trade now exceeding $7 billion, as they seek to broaden cooperation amid global uncertainty.

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Philippines' Manufacturing Activity Returns to Expansion in May, S&P Global Says
Asia

Philippines' Manufacturing Activity Returns to Expansion in May, S&P Global Says

Philippines manufacturing activity returned to growth in May, as output and new orders rebounded after a contraction in the previous month, according to data released Monday by S&P Global.The S&P Global Philippines Manufacturing Purchasing Managers' Index rose to 50.8 in May from 48.3 in April.The recovery was driven by renewed growth in output and new orders, with firms citing improved domestic demand and new customer wins.However, export demand remained weak, with new export orders falling at the sharpest pace since July 2020.Manufacturing output expanded at the fastest pace in three months as companies responded to stronger demand."The latest PMI data for the Filipino manufacturing sector presented a mixed picture," Maryam Baluch, economist at S&P Global Market Intelligence, said."While manufacturers registered renewed growth in output and new orders, supply-chain disruption and cost pressures worsened as the Middle East conflict entered its third month," she added.Supply-chain pressures intensified during the month, with delivery times lengthening due to shipping delays and order consolidation efforts to limit costs.The conflict in the Middle East drove up fuel and raw material prices, pushing input cost inflation to its fastest pace since August 2022.Manufacturers passed part of those higher costs on to customers, resulting in one of the sharpest increases in selling prices in more than three years.Despite improved demand, firms reduced purchasing activity for a third consecutive month and cut employment at the fastest pace in two years."However, firms remained increasingly optimistic about the future, hoping improved demand will support output growth," Baluch said."Indeed, sustaining this growth will depend on how certain customers feel in the economic and geopolitical outlook."The inflation backdrop remains challenging despite the improvement in manufacturing activity.The Philippine central bank said inflation is likely to accelerate to between 7.1% and 7.9% in May from 7.2% in April, driven largely by higher food prices and the peso's weakness.The central bank has signaled that further policy tightening remains on the table after raising its benchmark interest rate by 25 basis points to 4.5% in April.

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International

Philippines' Manufacturing Activity Returns to Expansion in May, S&P Global Data Shows

The Philippines' manufacturing activity returned to growth in May as stronger output and a recovery in new orders offset continued weakness in exports, according to S&P Global Market Intelligence data released Monday.The S&P Global Philippines Manufacturing Purchasing Managers' Index rose to 50.8 in May from 48.3 in April, moving back above the 50-point threshold that separates expansion from contraction.

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Philippine Producer Price Growth Slows in April
US Markets

Philippine Producer Price Growth Slows in April

The increase in Philippine factory gate prices slowed to 2.4% year over year in April amid a slowdown in manufacturing prices of coke and refined petroleum products, according to data from the Philippine Statistics Authority released Friday.Producer price growth of coke and refined petroleum products slipped to 5.3% in April from 8.2% in the month-ago period.The easing of petroleum producer prices comes amid the uncertainty of energy related pressures in the Middle East, the Manila Bulletin reported the same day.Coke and refined petroleum manufacturing contributed 62.7% to the decline in annual growth for manufacturing PPI in April, the PSA said.Factory gate prices for computer, electronic, and optical products slowed to 4.3% in the month from 4.9% in March.Producer prices of food products inched up to a 1.4% growth from 1.2%, helped by the processing and preserving of fish, crustaceans and mollusks.Beverage producer prices accelerated to a 2.8% growth from 2.7% a month ago.Vegetable oil producer prcies surged to 4% from 0.9% a month ago.On a month-on-month basis, producer prices fell 0.1% in April compared with a growth of 1.2% in March.Higher manufacturing costs could translate to higher retail prices as they are pased on to consumers, the Manila Bulletin said.

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Philippine Business Confidence Falls to Record Low in April
US Markets

Philippine Business Confidence Falls to Record Low in April

Philippine business confidence in April declined for the second straight month, driven lower by the Middle East conflict and concerns that higher oil prices could raise business operating costs and erode household purchasing power, Bangko Sentral ng Pilipinas (BSP) reported Friday.The Philippines Business Expectations Survey business confidence index for April fell to a negative 35.8, down from a negative 24.3 in March, striking a record low in the poll's 25-year history, the central bank reported.Readings below zero on the confidence index mean more respondents are pessimistic than optimistic about the Philippine economy and business scene.The March and April business confidence index readings are the first in negative territory since September 2021, the COVID-19 pandemic era.However, Philippine enterprises were less pessimistic in April than in March in their expectations for the next three and 12 months.The three-month-ahead business confidence index increased to negative 7.5 from negative 17.3, while the 12-month-ahead index rose to 19.5 from 11.7, reported BSP."The outlook improved on expectations of stronger demand, higher sales and income, better economic conditions, and a possible resolution of the Middle East conflict," said the central bank, in a prepared statement.Philippine businesses in April expected a 4.2% inflation rate over the next 12 months, exceeding the central bank's "4.0% tolerance ceiling," added BSP.The central bank's business confidence survey was conducted from April 7 to 30, with responses collected from 507 companies across the country.

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International

Philippines Business Confidence Further Drops in April as Middle East Conflict Hits

Philippine business confidence weakened further in April, declining for a second straight month as the Middle East conflict continued to weigh on sentiment, the Bangko Sentral ng Pilipinas said Friday.According to the latest Business Expectations Survey, the confidence index fell to -35.8 in April from -24.3 in March, reflecting growing concerns over higher inflation, rising operating costs, and reduced household purchasing power.While near-term sentiment softened, longer-term outlooks improved, with businesses expecting stronger demand and better economic conditions, alongside some optimism over a possible easing of geopolitical tensions, the central bank said.

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International

Philippines' Exports, Imports Rise in April; Total Trade Hits $20.38 Billion

The Philippines' total external trade in goods reached $20.38 billion in April, up 16.1% from $17.55 billion a year earlier, according to data released by the Philippine Statistics Authority on Friday.Exports rose 6.3% to $7.21 billion from $6.78 billion in April, driven by higher shipments of machinery and transport equipment, coconut oil, and other mineral products.Meanwhile, imports jumped 22.4% to $13.17 billion from $10.77 billion a year earlier, supported by strong growth in electronic products and mineral fuels, lubricants and related materials.Electronic products remained the country's top export category during the month, accounting for 47.7% of total export sales, the data showed.

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Philippine Trade Deficit Widens 49.8% in April as Export Growth Slows
US Markets

Philippine Trade Deficit Widens 49.8% in April as Export Growth Slows

The Philippines' trade deficit widened sharply in April as import growth significantly outpaced exports.The trade gap ballooned 49.8% year over year to $5.97 billion, marking a steep acceleration from the 11.4% deficit growth recorded in Marchm according to Friday data from the Philippine Statistics Authority.Imports surged 22.4% from a year earlier to $13.2 billion, up from the 17% growth seen the previous month. Meanwhile, exports rose 6.3% to $7.21 billion, a notable slowdown from March's 20.8% jump.Electronic products posted the highest annual increase among imports, climbing by $1.85 billion. Despite global supply chain disruptions triggered by the Middle East conflict, domestic demand for gadgets, such as smartphones, computers, and cameras-remained robust.A December 2025 report from Statista noted that the Philippines' growing middle class continues to drive consumption of these goods, with the broader electronics sector forecast to expand steadily over the next five years.This was followed by mineral fuels, which increased by $1.31 billion, and animal feed, which rose by $57.4 million. China remained the country's largest supplier, providing $3.92 billion worth of goods, or 29.7% of total imports.On the export front, machinery and transport equipment recorded the largest annual gain, rising by $187.6 million. This was followed by coconut oil and other mineral products, which saw increases of $173 million and $163.6 million, respectively.The US remained the top destination for Philippine exports, taking in $1.30 billion, or 18% of the total. China and Japan followed as the second and third largest export markets, each accounting for a share of about 13%.The widening trade imbalance may add further weight to the Philippines' pre-existing weakness, which is already pressured by the Middle East conflict."Excluding the pandemic period, the pace of increase was the slowest since 2010. Prospects for a meaningful turnaround are also not favorable with household expectations of economic conditions weakening anew," ANZ Chief Economist Sanjay Mathur said.

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International

Philippines Producer Inflation Eases to 2.4% in April

The Philippines' producer price index (PPI) for manufacturing rose 2.4% year over year in April, slowing from a 2.6% increase in March, data from the Philippine Statistics Authority showed Friday.The softer producer inflation was driven mainly by a slower 5.3% increase in the manufacture of coke and refined petroleum products, down from 8.2% in the previous month.Slower PPI in the manufacture of computer, electronic and optical products at 4.3%, along with a 3.8% increase in basic metals, also contributed to the deceleration.Meanwhile, PPI growth for food manufacturing accelerated to 1.4% in April from 1.2% in March, data showed.

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Asia

Market Chatter: US, Iran Reach Tentative 60-Day Ceasefire Extension

The U.S. and Iran have tentatively agreed to extend a ceasefire for two months while initiating new negotiations over Tehran's nuclear program, fueling optimism that the ongoing three-month conflict may soon end, Bloomberg News reported on Thursday, citing a source familiar with the discussions.The anonymous source confirmed a prior Axios report, though President Donald Trump has not yet signed off on the terms, the newswire said.While both sides have previously celebrated progress and Trump has often claimed a deal was imminent, the impasse has repeatedly persisted, the publication said.Vice President JD Vance told reporters that the two nations are exchanging proposals on specific language regarding Iran's nuclear capabilities, and noted that Iran appears to be engaging in good faith, with tangible progress underway, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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