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PSEi rises to 6,400 on rate cut bets, delayed tariffs
Business World Philippines
|July 08, 2025
PHILIPPINE STOCKS advanced on Monday as investor sentiment was lifted by expectations of further local interest rate cuts and after the US delayed the implementation of its planned reciprocal tariffs to Aug. 1.
The bellwether Philippine Stock Exchange Index (PSEi) rose 0.46% or 29.67 points to 6,425.24, while the broader all-share index added 0.4% or 15.22 points to 3,779.93.
“The local market closed higher, backed by dovish expectations on the Bangko Sentral ng Pilipinas’ (BSP) policy outlook following June’s weak inflation print,” Philstocks Financial Inc. Research Manager Japhet Louis 0, Tantiangco said ina Viber message.
“Investors also digested the US decision to move the reciprocal tariff implementation to Aug. 1 for those who have not struck a trade deal with the country yet,” he added.
On Friday, Finance Secretary Ralph G. Recto said lower-than-expected June inflation gives the central bank more room to continue its policy easing.
Cette histoire est tirée de l'édition July 08, 2025 de Business World Philippines.
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