bin picking-Oil prices, strong dollar on foreign investors’ radar: analyst

bin picking-Oil prices, strong dollar on foreign investors’ radar: analyst

   Business    29 6 月, 2018  |  0

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MANILA – The global stock rout is not yet finished, with concerns over rising oil prices and a strong dollar overshadowing trade disputes, an analyst said Thursday.

Yields in emerging markets, including the Philippines, need to go higher for foreign funds to return, said Jeffries chief global equity strategist Sean Darby.

Motorists fill-up at a gas station in Quezon City, May 28, 2018. Jonathan Cellona, ABS-CBN News

A strong dollar will put emerging market currencies, including the peso, on the weak side, he said.

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