The Federal Reserve's hawkish hold is negatively impacting global risk appetite, leading to a sell-off in the local market affecting Meralco and Aboitiz Equity Ventures.
1 report, 1 independent
Updated Jul 30
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What happened
The Federal Reserve's hawkish hold is negatively impacting global risk appetite, leading to a sell-off in the local market affecting Meralco and Aboitiz Equity Ventures.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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FED
business
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Philippines
archipelagic country in Southeast Asia
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Meralco
Philippine electric company
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Aboitiz Equity Ventures
Filipino conglomerate
Related events
- Geopolitical risks in the Middle East are causing market caution, leading to questions about the future path of monetary policy and oil market stability.
- Global market turbulence is putting pressure on Fed policy, coinciding with an AI equity rout in Asia.
- Fed policy is affecting global investment sentiment, with Asian markets reacting to differing growth rates.
- Fed rate hike expectations are influencing market sentiment, while the Middle East crisis hopes are driving rallies in Asian chip markets like Seoul and Jakarta.
- Inflation pressures and higher borrowing costs are causing market declines and stock drops for tech firms like CoreWeave, Dell, and Oracle.