About this document

Philippine Market Daily Wrap May 2-3, 2011 by JC Calaycay is a document available to read on EtoBox.

The Philippine stock market rose slightly despite concerns about slowing global growth. Earnings reports from Philippine and US companies were generally positive. The death of Osama bin Laden buoyed US and European markets but had little effect in the Philippines. Local stocks are expected to continue being driven by earnings reports and momentum trades, while the market remains in a narrow trading range.

Author

JC Calaycay

Language

EN