Trade Notes

What happened today?

• PH financial markets shutdown
• S&P warns PH of possible downgrade (tsk tsk SMC)
• Observations: 
• Sky still dark and rain continues to pour
• Notes: 
• 
  
• Watchlist:
• MBT 
• EW (see below), FPH, IRC, LRI, PNB
• News: 
• Dollar slips in Asian Trade
• Asia stocks flat as traders await next Fed step
• Oil prices rise on Egypt violence
• Energy imports, yen swell Japan trade deficit
• Atlas mining posts 52% drop in H1 profit 
• Banks seen raising more funds
• ICTSI rolls out $450M bond exchange program
• Biz Buzz
• Others: 
• 
  

Fig. 1 EW Stock Chart courtesy of COLFinancial

Cheers!

Links:
Stock Charts
Inquirer Business 
Business Mirror