Philippine News Agency
Stocks rise, peso flat vs. USD
The Philippine peso is expected to trade flat against the US dollar this week, with a projected range of 50.65 to 50.85.
The peso ended Monday's trading flat at 50.72.
The Philippine Stock Exchange index (PSEi) gained 4.19 percent, or 223.84 points, to 5,570.81 points on Monday.
Investor sentiment was influenced by declining COVID-19 cases in the Eurozone, signaling potential stability in the spread of the disease.
However, concerns remain about rising cases in Sweden and expanded movement limits in Dubai.
OPEC+ members decided to delay price war discussions due to disagreements on oil price collapse responsibilities, with the meeting tentatively rescheduled for April 9.
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