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Maroc Maroc - WN.COM - Business - Hier 16:38

Bearish sentiment to persist on oil surge, war

THE stock market is seen remaining under pressure this week with investor sentiment dampened by the sustained oil price surge and its accompanying inflationary risk as war continues to rage in the Middle East. The Philippine Stock Exchange index (PSEi) fell 4.14 percent last week to close at 6,058.94 as surging oil prices and heightened geopolitical tensions triggered a broad-based selloff in equities. Analysts said the market’s...

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