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PSEi                 2,798.33         UP     33.35
value php          4,960,852,490.07

DOW     83.74   +0.92%   9,154.46
NASDAQ  16.54   +0.84%   1,984.30
S&P 500 11.60   +1.19%     986.75

Weekly Jobs Data showing fewer jobs lost sparked the no look back rally for Wall Street that lasted until the last few minutes paring of gains due to fear that GE capital may need additional funding.Currently, futures show no such rollover of fear from the last half hour sell
off, and Asia was higher once again.  But all this return to recovery sentiment brings evil oil back to the $67 level.

Leading in volatility (and not in gains) this time, MER holders attempted to feel good at 267.50, before a late session selloff brought it sinking to 229.   Read more... (401 words, 8 images, estimated 1:36 mins reading time)

PSEi                 2,764.98         DOWN   38.41
value php         5,969,659,601.09

DOW    26.00   -0.29%   9,070.72
NASDAQ  7.75   -0.39%   1,967.76
S&P 500 4.47   -0.46%   975.15

Wall street took the weaker than expected durable goods data as a sign to  further witthold from buying equities as they drifted slightly lower.Locally, opening bell at 9:30 was greeted by a gap down in MER shares at 200, which quickly sank to 190 and as quickly rose back up to 265 before settling 54 pesos lower from yesterday at 241.  This drop of MER that was worth 62 points lost on the psei was mysteriously buffered by TEL's 70 peso rise to 2500 worth 23 gained psei points.

It seems yesterday's drop in China was localized as an effect of their plans to tighten borrowing rules that is viewed as an act which may siphon liquidity from their markets.  Read more... (427 words, 9 images, estimated 1:42 mins reading time)