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GMA shares jump 10% as ABS-CBN denied of franchise

Jul 13, 2020 - 2:25 PM

GMA Network gains almost P2.1 billion in market capitalization. Meanwhile, the Philippine Stock Exchange suspends trading of ABS-CBN shares.


Global stocks mostly lower as infection numbers rattle investors

Jul 10, 2020 - 7:30 AM

The Dow and S&P 500 finish firmly lower on Thursday, July 9. Bourses in London, Paris, and Frankfurt also retreat.

U.S. ECONOMY. An American flag hangs from a building in the Financial District of Manhattan in New York City on September 3, 2019. File photo by Spencer Platt/Getty Images/AFP

Global stocks mixed while safe haven gold climbs

Jul 09, 2020 - 9:40 AM

The eurozone's key indices end down on Wednesday, July 8, but the picture is different in New York

TRADING. The United States flag is seen at the New York Stock Exchange in New York City on April 30, 2020. Photo by Johannes Eisele/AFP

Stocks go into reverse as virus fears resurface

Jul 08, 2020 - 9:35 AM

European indices slip after a pessimistic growth forecast by the European Commission on Tuesday, July 7. Wall Street stocks also pull back.

WALL STREET. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. File photo by Angela Weiss/AFP

Stock markets rally on economy recovery hopes

Jul 07, 2020 - 8:00 AM

The easing of lockdowns is providing hope the global economy will bounce back quickly from an expected recession in 2020

TRADING. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Stocks climb on U.S. jobs recovery, vaccine hope

Jul 03, 2020 - 9:25 AM

The tech-dominated Nasdaq ends with another record-high finish, while the Dow gains 0.4% on Thursday, July 2, shrugging off a worsening coronavirus situation

People walk near the The New York Stock Exchange (NYSE) on Wall Street on June 29, 2020 in New York City. - Stock markets on both sides of the Atlantic struggled Monday to rebound from last week's losses as optimism over easing lockdowns was torpedoed by fear over surging coronavirus infections. (Photo by Angela Weiss / AFP)

Nasdaq ends at fresh records as European bourses retreat

Jul 02, 2020 - 9:00 AM

The Nasdaq rises 1% on Wednesday, July 1, even as the United States confronts a worsening coronavirus outbreak in much of the country

A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. - Stock markets on both sides of the Atlantic struggled Monday to rebound from last week's losses as optimism over easing lockdowns was torpedoed by fear over surging coronavirus infections. (Photo by Angela Weiss / AFP)

U.S. stocks gain to finish banner quarter, shrugging off virus spike

Jul 01, 2020 - 8:20 AM

The S&P 500 finishes at 3,100.29 on Tuesday, June 30, up 1.5% for the day and around 20% for the quarter, the biggest gain since 1998

WALL STREET. A person walks down Wall Street in New York City on April 2, 2020. Photo by Spencer Platt/Getty Images/AFP

European, U.S. stocks rise, shrugging off virus fears

Jun 30, 2020 - 9:00 AM

European key markets close more than 1% higher on Monday, June 29, while the Dow leads indices in the United States, finishing up 2.3%

WALL STREET. The statue of the charging bull is pictured in New York City on April 20, 2020. Photo by Johannes Eisele/AFP

Coronavirus crash: Pandemic pushes stock market down in Duterte's 4th year

Jun 29, 2020 - 2:30 PM

After the Philippine Stock Exchange index slumped to an 8-year low due to the COVID-19 pandemic, will the Duterte administration see the local equity market go back to its pre-coronavirus levels?

6 people killed in attack on Pakistan Stock Exchange

Jun 29, 2020 - 2:13 PM

(4th UPDATE) Four security guards, a police officer and a bystander were killed in the melee, while local police chief Ghulam Nabi Memon confirms all 4 attackers were also dead

Zimbabwe suspends mobile banking, stock exchange trade

Jun 27, 2020 - 9:45 AM

The Zimbabwean government accuses the country's stock exchange of being complicit in illicit financial activities

Aaron Munyoro, who is unemployed and lives with his elderly mother, makes a payment from his mobile phone for basic food items including bread at a local tuck shop in Epworth, on the outskirts of Harare, on December 10, 2019. - The World Food Programme (WFP) and UKAID chose Epworth for an urban cash transfer pilot project where they are giving assistance of 9 USD mobile money transfers per person in food insecure households per month. (Photo by Jekesai NJIKIZANA / AFP)

U.S. stocks tumble, Europe wavers as coronavirus advances

Jun 27, 2020 - 8:45 AM

Major United States indices fall around 2.5% or more on Friday, June 26, to finish the week in the red

'TOGETHER, WE'RE STRONG.' The New York Stock Exchange is pictured at Wall Street in New York City on May 26, 2020. Photo by Johannes Eisele/AFP

Stocks make modest recovery despite virus worries

Jun 26, 2020 - 8:30 AM

European markets hold onto their gains until the close, while Wall Street engineers a strong finale to a roller-coaster session on Thursday, June 25

STOCK EXCHANGE. The Fearless Girl statue stands in front of the New York Stock Exchange near Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Market 'disconnect' could worsen virus downturn – IMF

Jun 25, 2020 - 11:25 PM

'Investors seem to be betting that lasting strong support from central banks will sustain a quick recovery even as economic data point to a deeper-than-expected downturn,' says the International Monetary Fund

JAPAN STOCKS. Pedestrians walk past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 15, 2020. Photo by Kazuhiro Nogi/AFP

Stocks slump on virus, trade war concerns

Jun 25, 2020 - 8:40 AM

European bourses dive around 3%, while the Dow sheds 2.7% or more than 700 points on Wednesday, June 24

TRADING. The Wall Street street sign is seen in New York City on March 23, 2020. File photo by Angela Weiss/AFP

PSE headquarters closes for 24 hours as employee gets coronavirus

Jun 24, 2020 - 1:55 PM

Despite the 24-hour office shutdown, shortened trading hours are still in place

Global stocks rise on better economic data as U.S. coronavirus cases rise

Jun 24, 2020 - 8:00 AM

The main European markets gain more than 1%, while Wall Street stocks also power higher on Tuesday, June 23

TRADING. The United States flag is seen at the New York Stock Exchange in New York City on April 30, 2020. Photo by Johannes Eisele/AFP

Global stocks mixed as coronavirus cases rise in several countries

Jun 23, 2020 - 8:30 AM

European and Asian stocks are down on Monday, June 22, but Wall Street ultimately shrugs off the weakness as New York City moves to a new phase of reopening

WALL STREET. A woman walks past the New York Stock Exchange in New York City on March 19, 2020. Photo by Johannes Eisele/AFP

World stocks pull back as virus worries resurface

Jun 19, 2020 - 7:00 AM

Global markets are still 'a bit cautious as uncertainty regarding a second wave of COVID-19 continues to simmer, countering recent economic data that has suggested improvement'

WALL STREET. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. File photo by Angela Weiss/AFP

Virus fears weigh on European, Asian stocks, but Fed boosts Wall Street

Jun 16, 2020 - 7:50 AM

A fresh coronavirus outbreak in Beijing comes as investors are already anxious over increased cases in Texas, Florida, and other US states

Pedestrians walk past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 15, 2020. - Tokyo's benchmark Nikkei index dropped more than 3.4 percent on June 15 over fears of rising coronavirus infections in the US and a new outbreak in China. (Photo by Kazuhiro NOGI / AFP) / “The erroneous mention[s] appearing in the metadata of this photo by Kazuhiro NOGI has been modified in AFP systems in the following manner: [June 15] instead of [June 16]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”

Injap Sia's MerryMart debuts strong despite pandemic jitters

Jun 15, 2020 - 4:15 PM

Shares of Injap Sia's MerryMart rise by 50%, becoming one of the most actively traded stocks as the company debuts on the Philippine Stock Exchange on Monday, June 15

Stock markets recover some ground after heavy losses

Jun 13, 2020 - 8:30 AM

Wall Street stocks finish a topsy-turvy session solidly higher on Friday, June 12, but lower for the week overall

TRADING. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

U.S. stocks end mostly down as Fed keeps interest rates low

Jun 11, 2020 - 8:50 AM

Both the Dow and S&P 500 finish lower following a volatile session, while the Nasdaq surges to its 3rd straight record on Wednesday, June 10

U.S. ECONOMY. An American flag hangs from a building in the Financial District of Manhattan in New York City on September 3, 2019. File photo by Spencer Platt/Getty Images/AFP

Stock markets end mostly lower after strong run

Jun 10, 2020 - 7:00 AM

Dire corporate and economic news in the eurozone sparks selling in Europe on Tuesday, June 9. The Dow and S&P 500 also retreat.

TRADING. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Wall Street rallies on reopening hopes, Nasdaq hits record

Jun 09, 2020 - 7:25 AM

The tech-rich Nasdaq closes more than 100 points over its previous high in February, while the Dow finishes up 1.1% on Monday, June 8

WALL STREET. The statue of the charging bull is pictured in New York City on April 20, 2020. Photo by Johannes Eisele/AFP

Stock markets power ahead on surprise U.S. jobs rise

Jun 06, 2020 - 7:25 AM

The Dow piles on around 830 points, or 3.2%, to finish at 27,110.98 on Friday, June 5

STOCK EXCHANGE. The Fearless Girl statue stands in front of the New York Stock Exchange near Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Foreign buying lifts PSEi to 6,500

Jun 04, 2020 - 3:35 PM

Net foreign inflows build up as the Philippine economy slowly reopens after over two months of strict lockdown

Philippine shares bounce to 6,000 as lockdown eases

Jun 02, 2020 - 3:00 PM

After settling at the 5,000 level for over two months, the PSEi powers back to 6,000 on Tuesday, June 2, driven by investor optimism


Global stocks rise despite protests, U.S.-China tensions

Jun 02, 2020 - 7:00 AM

Analysts say markets have historically shrugged off civil disruptions

TRADING. The Wall Street street sign is seen in New York City on March 23, 2020. File photo by Angela Weiss/AFP

U.S. stocks sag on China tensions as Europe rises on restarts

May 29, 2020 - 7:30 AM

Stocks pull back in the United States on Thursday, May 28, as tensions rise between the US and China

WALL STREET. A woman walks past the New York Stock Exchange in New York City on March 19, 2020. Photo by Johannes Eisele/AFP

Floor trading resumes at NYSE, with masks and plexiglas

May 27, 2020 - 7:00 AM

The reopening of the New York Stock Exchange trading floor is an important one symbolically for Wall Street and the United States

The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City. - Wall Street stocks surged early May 26, 2020 on optimism about coronavirus vaccines as the New York Stock Exchange resumed physical floor trading for the first time since late March. About five minutes into trading, the Dow Jones Industrial Average was up 2.3 percent at 25,023.76. The broad-based S&P 500 gained 2.0 percent to 3,013.04, while the tech-rich Nasdaq Composite Index advanced 1.6 percent to 9,468.96.The gains came after a ceremony presided over by New York Governor Andrew Cuomo, who wore a mask as he rung the opening bell to signal the start of the day for traders, also clad in masks and separated by plexiglas. (Photo by Johannes EISELE / AFP)

Hong Kong stocks battered by China security proposal

May 22, 2020 - 5:50 PM

Investors flee for the hills on Friday, May 22, worried about China's increasing influence in Hong Kong

STOCKS BOOSTED. (L-R) The flags of the Hong Kong Stock Exchange, China, and Hong Kong are seen flapping in the wind on May 6, 2019. File photo by Anthony Wallace/AFP

European, U.S. stocks pull back after May 18 rally

May 20, 2020 - 7:20 AM

The Dow Jones Industrial Average finishes down 1.6% on Tuesday, May 19, pulling back from the 3.9% surge on Monday, May 18

WALL STREET. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. File photo by Angela Weiss/AFP

Global stocks surge on vaccine progress, French-German relaunch plan

May 19, 2020 - 7:50 AM

Sentiment is boosted by an American firm reporting promising early results from a COVID-19 vaccine test, as well as an economic recovery plan proposed by France and Germany

TRADING. The United States flag is seen at the New York Stock Exchange in New York City on April 30, 2020. Photo by Johannes Eisele/AFP

New York Stock Exchange to reopen trading floor, with limits

May 15, 2020 - 9:45 AM

Brokers will return to the New York Stock Exchange trading floor on May 26, but in fewer numbers and wearing masks

START OF TRADING. Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020. Photo by Timothy A. Clary/AFP

Global stocks mixed as U.S. jobless claims spike again

May 15, 2020 - 7:30 AM

Major European and Asian bourses extend losses, while United States stocks end higher on Thursday, May 14

WALL STREET. The statue of the charging bull is pictured in New York City on April 20, 2020. Photo by Johannes Eisele/AFP

Stocks slump on Fed comments, fears of second coronavirus wave

May 14, 2020 - 7:15 AM

Major United States indices end lower for a second straight session on Wednesday, May 13, while European stocks are also mauled

U.S. ECONOMY. An American flag hangs from a building in the Financial District of Manhattan in New York City on September 3, 2019. File photo by Spencer Platt/Getty Images/AFP

U.S. stocks retreat as top scientist urges caution on reopening

May 13, 2020 - 7:15 AM

Analysts say congressional testimony from American infectious diseases expert Anthony Fauci was likely a factor in the pullback

SELLING. Dressmaker Flor Hernandez sells face masks on street after losing her job, during the novel coronavirus outbreak, in Los Angeles, California. Photo by Apu Gomes/AFP

Global stocks mixed amid fears of second virus wave

May 12, 2020 - 7:10 AM

While some European countries and US states are easing restrictions, there are fears of 'second wave' coronavirus outbreaks in parts of Asia

TRADING. A view of the New York Stock Exchange is seen on Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Stocks rise as reopening optimism beats bad data

May 09, 2020 - 7:00 AM

The gains are the latest instance of markets looking at economic reports that are bad, but not significantly different than expected, and instead focusing on positive news

WALL STREET. People walk by the New York Stock Exchange in New York City on January 21, 2020. File photo by Spencer Platt/Getty Images/AFP

Stock markets rise on easing lockdowns, China exports

May 08, 2020 - 7:30 AM

Investors focus on hope for an economic rebound, despite 'dour data' emerging from countries hit hard by the coronavirus

WALL STREET. A woman walks past the New York Stock Exchange in New York City on March 19, 2020. Photo by Johannes Eisele/AFP

European, U.S. stocks mostly fall after weak data

May 07, 2020 - 6:35 AM

'The market seems to be running out of steam. We're starting to see some of the real negative macro news,' says an analyst

TRADING. The Wall Street street sign is seen in New York City on March 23, 2020. File photo by Angela Weiss/AFP

Stocks cheer 'light at end of tunnel' in virus crisis

May 06, 2020 - 7:30 AM

An analyst cautions that while a gradual return to economic activity would bring optimism, the long-term view is still grim

STOCK EXCHANGE. The Fearless Girl statue stands in front of the New York Stock Exchange near Wall Street in New York City on March 23, 2020. Photo by Angela Weiss/AFP

Global stocks mostly drop as Trump revives trade war fears

May 05, 2020 - 7:30 AM

Investors are rattled as the Trump administration steps up its criticism of China over the coronavirus

US President Donald Trump looks on as the US attorney general delivers remarks on citizenship and the census in the Rose Garden at the White House in Washington, DC, on July 11, 2019.  Brendan Smialowski / AFP

Stock markets drop on devastating growth data

May 01, 2020 - 7:45 AM

As jobless claims continue surging in the United States and the European Union economy shrinks, stocks dip on Thursday, April 30

The US flag is seen at the New York Stock Exchange (NYSE) on April 30, 2020 in New York City. - Wall Street stocks opened lower Thursday following another spike of jobless claims in the wake of coronavirus shutdowns, offsetting strong results from tech giants. Another 3.84 million US workers filed for unemployment benefits last week and the total has now passed 30 million in six weeks, according to the Labor Department data. (Photo by Johannes EISELE / AFP)

Stock markets rise on virus hopes as oil tanks

Apr 28, 2020 - 7:15 AM

United States markets follow Asia and Europe higher on Monday, April 27, after coronavirus figures provided hope. But an analyst warns the stock market has become 'divorced from fundamental reality.'

WALL STREET. A person walks down Wall Street in New York City on April 2, 2020. Photo by Spencer Platt/Getty Images/AFP

Oil prices gain on U.S.-Iran tensions, mixed day for global stocks

Apr 24, 2020 - 7:00 AM

'One other option is to fuel geopolitical tensions in the Middle East to threaten supply and support [oil] prices. This is what Donald Trump is doing right now,' says an analyst

(FILES) In this file photo taken on October 11, 2019 US President Donald Trump speaks to the press at the South Lawn of the White House in Washington, DC. - President Donald Trump leaves Washington for a rally with supporters and a Thanksgiving break at his Florida home on November 26, 2019 but impeachment storm clouds threaten to spoil the party. Before boarding Air Force One, the president will act out the quirky annual ritual of pardoning two enormous turkeys, sparing them from the national day of feasting on Thursday. (Photo by Nicholas Kamm / AFP)

Oil rockets higher, boosting global equities

Apr 23, 2020 - 7:00 AM

Oil prices rally on Wednesday, April 22, as United States President Donald Trump threatens to shoot at Iranian boats in a key waterway for crude shipments

The Marathon Refinery is seen in Carson, California, on March 9, 2020. - Global stocks and oil prices rebounded on March 10, 2020 on hopes of US economic stimulus efforts as the coronavirus rages, one day after suffering their biggest losses in more than a decade. Trading is exceptionally volatile as investors attempt to get a grip on a rapidly changing news flow, with positive reports of progress in China on the virus clashing with a Saudi decision to increase oil output in an already over-supplied market. (Photo by DAVID MCNEW / AFP)

Continued oil market turmoil weighs on global stocks

Apr 22, 2020 - 7:00 AM

'Ever thought that it could be imaginable to see the price of US oil valued at less than a pizza? Or even a slice of pizza?' an analyst says

The statue of the charging bull is pictured on April 20, 2020 in New York City. - Wall Street opened lower on Monday as traders grappled with a drop in oil prices to 22-year lows as the coronavirus pandemic sapped demand for energy. The Dow Jones Industrial Average was down 1.8 percent to 23,798.01 about 10 minutes into the trading session.The broad-based S&P 500 had declined 1.3 percent to 2,835.08, while the tech-rich Nasdaq had fallen 0.7 percent to 8,588.66. (Photo by Johannes EISELE / AFP)