Global markets were mostly optimistic this week as investors cheered positive labor data from the US and continued quantitative easing measures all over the world.
In particular, equities markets rallied as positive developments fuelled a risk-on sentiment among investors. Meanwhile, safe-haven US Treasury prices declined amid the shift of investor preference to equities, and the Japanese yen weakened against its major currency counterparts as a result of the BoJ’s aggressive stimulus measures.
The local equities market rallied during the week as investors warmly welcomed positive corporate earnings results.
Meanwhile, the local fixed income market and the peso succumbed to profit-taking as market-players took advantage of gains made following the investment grade status awarded by S&P last week.