Media says yes!
It's funny but elections have long been a known issue and that markets has continually trekked higher in spite of the so-called jitters.
Yet media ought to explain this....
As you can see, the Philippine Phisix, the S&P 500, (SPX) Asia's Dow Jones ex-Japan (DJP2), and the European index (Stox5E) have near simultaneously fallen.
And this has been equally reflected on Asian Currencies as shown by Bloomberg-JP Morgan Asian Currency Index
Perhaps a more fitting rephrase of media's reasoning should have been:
"Global markets, ex-US dollar currencies fall on Philippine election jitters!!"
@#$%!!!
It's funny but elections have long been a known issue and that markets has continually trekked higher in spite of the so-called jitters.
Yet media ought to explain this....
As you can see, the Philippine Phisix, the S&P 500, (SPX) Asia's Dow Jones ex-Japan (DJP2), and the European index (Stox5E) have near simultaneously fallen.
And this has been equally reflected on Asian Currencies as shown by Bloomberg-JP Morgan Asian Currency IndexPerhaps a more fitting rephrase of media's reasoning should have been:
"Global markets, ex-US dollar currencies fall on Philippine election jitters!!"
@#$%!!!
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