Market Watch: PSE closes higher on positive sentiments
“Local stocks started the week on a positive note following the upturn in US and European markets overnight. European Central Bank Executive Board member Juergen Stark’s prediction that the sovereign debt crisis could be resolved in two years helped inspire confidence.”- RCBC Securities, Inc.
“Local share prices moved higher, tracking gains on Wall Street overnight on optimism that Greece debt crisis could be over. The crisis in Greece may be resolved but investors were still jittery over Italy’s $300-billion debt, hoping to be refinanced next year.”- Wealth Securities, Inc.
Source: Businessworld
