An air of warning will prevail over the monetary markets international, which include the Philippines, ahead of the assessment of america financial system by using Federal Reserve chief Janet Yellen before the Congress on Wednesday (PH time).
“After better-than-predicted US jobs file closing week, I think … investors will look forward to cues from the declaration of chairwoman Janet Yellen to US Congress on Wednesday,” IB Gimenez Securities Inc. Research head Joylin Telagen stated.
Regional markets will take cues on how america economic system is appearing and whether the Fed will undertake new coverage actions, she brought.
Last month, the Fed has raised hobby charges by means of 25 basis points to 1.25 percent.
The interest fee forecast on federal finances is a few of the semi-annual monetary record via US valuable bank to Congress.
However, Summit Securities Inc. President Harry Liu speculated that the marketplace could in all likelihood exchange higher as part of its consolidation circulate.
“After better-than-predicted US jobs file closing week, I think … investors will look forward to cues from the declaration of chairwoman Janet Yellen to US Congress on Wednesday,” IB Gimenez Securities Inc. Research head Joylin Telagen stated.
Regional markets will take cues on how america economic system is appearing and whether the Fed will undertake new coverage actions, she brought.
Last month, the Fed has raised hobby charges by means of 25 basis points to 1.25 percent.
The interest fee forecast on federal finances is a few of the semi-annual monetary record via US valuable bank to Congress.
However, Summit Securities Inc. President Harry Liu speculated that the marketplace could in all likelihood exchange higher as part of its consolidation circulate.
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