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Stocks seen to track global events
The Philippine Star
|November 04, 2024
Global developments are expected to dictate the direction of the local stock market this week.
The benchmark Philippine Stock Exchange index finished a shortened trading week last Thursday at 7,142.96, down by 2.34 percent week-on-week, as caution prevailed ahead of this week's US elections and Federal Reserve rate decision.
Unicapital head of research Wendy Estacio-Cruz said that investors remained cautious last week due primarily to uncertainties surrounding the US elections tomorrow.
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