PSEi inches up despite US equities' decline
Gloomy sentiment in Wall Street following the decline in financial shares as a result of tighter disclosure rules, failed to weigh overall sentiment Thursday.
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Trading outlook for 09 May 2008 09 May 2008 | 9:00 a.m.
Local equities might re-test 2,780-2,800 Friday, although skeptics might still check if there might be surprise sell-offs during intra-day rallies.
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WEEKLY OUTLOOK
05 - 09 May 2008
Next fiscal policy approach
The US Federal Reserve's 25-basis point rate reduction failed to inspire investors at home, especially following stiffer competition from returns provided in alternative markets (e.g., fixed-income, forex, commodities, etc.).
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