The benchmark Philippine Stock Exchange index (PSEi) went up by 51.93 points or 0.73% to close at 7,167.02 on Wednesday, while the broader all shares gained by 24.22 points or 0.64% to 3,794.75. READ:
The benchmark Philippine Stock Exchange index went up by 51.93 points or 0.73% to close at 7,167.02 on Wednesday, while the broader all shares gained by 24.22 points or 0.64% to 3,794.75.
“The market gained, following the positive cues from the US markets overnight and the drop in global oil prices lifted the sentiment. Investors digest the developments in the Russia-Ukraine war after their face-to-face talks. In addition… the lockdown in China pulled global oil prices down. This, somehow, lifts the market sentiment at home,” Philstocks Financial Research Associate Claire T. Alviar said in a Viber message.
Russia said on Tuesday it plans to scale down military operations around the Ukrainian capital, Kyiv, while Ukraine might adopt a neutral status that may help de-escalate the five-week war, Reuters reported. Meanwhile, oil prices rose more than 2% on Wednesday. Brent crude futures were up $2.6 or 2.4% at $112.81, while US West Texas Intermediate crude futures rose $2.7 or 2.5% to $106.84 a barrel.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine sets ceasefire goal for new Russia talks, but breakthrough looks distantUkraine said its top objective at the first face-to-face talks with Russia in over two weeks, due to take place in Turkey on Tuesday, is to secure a ceasefire, although both it and the United States were skeptical of a major breakthrough.
Read more »
Russia, Ukraine in talks with faint hopeIstanbul—Ukrainian and Russian negotiators held face-to-face talks in Istanbul on Tuesday as Ukraine resumed evacuations from territory occupied by Russian forces and clung on in the besieged city of Mariupol. Read more here:
Read more »
Russia pledge to deescalate attacks in Ukraine leaves West coldRussia pledged to scale down fighting around Kyiv and a second major city following peace talks on Tuesday that Ukraine&39;s leader said showed "positive" signs, but Western allies made clear their doubts over Moscow&39;s intentions.
Read more »
Nuclear fears in US amid Russia-Ukraine war: Poll | Associated PressWASHINGTON—Russia’s war on Ukraine has most Americans at least somewhat worried that the US will be drawn directly into the conflict and could be targeted with nuclear weapons, with a new poll reflecting a level of anxiety that has echoes of the Cold War era. Close to half of Americans…
Read more »
Ukraine says Russia planting mines in Black SeaLONDON — Ukraine accused Russia on Wednesday of planting mines in the Black Sea and said some of those munitions had to be defused off Turkey and Romania as risks to vital merchant shipping in
Read more »
Ukraine's Zelensky says Russia talks could be called positive, won't slacken defensesUkrainian President Volodymyr Zelensky on Tuesday said the signals from peace talks with Russia could be called positive but added that they did not drown out the explosions from Russian shells.
Read more »