Stock market seen gaining ground

collected by :Molly Tony

Trading volumes for the week will be thinned by today's local elections but analysts expect the stock market to continue building from last week's gains. "[W]e are seeing a lot of optimism as the index refuses to break below this 7, 500 support level," Eagle Equities, Inc. research head Chris Mangun said. The Philippine Stock Exchange index (PSEi) capped last week by surging 2.39 percent on Friday, adding 181.11 points to close at 7,752.11. "If we continue to see buying pressure [this]week, then we may see the index test its next resistance at 7, 830," Mangun said. "[V]olume improved to 5.6 [billion shares on Friday]but still short of [the year-to-date]average of 8 [billion]," she noted.

Stock market turns corner as most risks are already priced in

The U.S. stock market seems to have turned the corner, overcoming concerns about inflation, rising rates, trade wars and other geopolitical issues, as witnessed by steady gains over the past six weeks. As much as it had been in headlines lately, the 10-year [Treasury] yield is still not breaking above 3%," Cavanaugh said. Since the beginning of April, the S&P 500 rose 3.3% and is up 2% year to date. The things that could spook investors might be rising oil prices or rising dollar or overly aggressive Fed. But as long as the global economy is growing in tandem with the U.S., companies will continue grow their earnings," Cavanaugh said.

Stock market has its best week since early March

as informed in "The market is looking forward to the next ingredient that's going to push it up or down as you get through earnings," said Jeff Zipper, managing director at U.S. Bank Private Wealth Management.

Stock market advances as energy, financials surge

The Dow on Wednesday booked a fifth gain in a row and the broader stock market rallied as sharp gains in energy, financials and technology stocks propelled the main benchmarks firmly higher. A rally in oil prices helped lift U.S.-listed energy companies. Also affecting oil markets were data from the Energy Information Administration, which showed that crude-oil stockpiles fell more than expected in the latest week. Read: Why oil prices didn't rally Tuesday after Trump announced 'powerful' Iran sanctionsWhat are strategists saying? Asian markets closed mixed, while European stock SXXP, +0.11% finished at a more-than-three-month high, aided by gains in energy stocks.

Malaysian election result 2018: Stock market SLUMPS after Mahathir Mohamad's SHOCK victory

Trading opened six per cent down on Thursday, following Mahathir Mohamad's re-election as the country's Prime Minister. The iShares MSCI Malaysia ETF, commonly known as EWM, dropped to $32.40 at the market open. When he won, Mohamad declared: "We are not seeking revenge, we want to restore the rule of law". GETTY Mahathir Mohamad won 121 parliamentary seatsRazak's popularity has dropped drastically over the last three years following a multi-billion pound corruption scandal. Mohamad is the country's longest serving Prime Minister, and when he is sworn in next week, will become the world's oldest leader.