Replica Watches,Wemen's Handbags,Fashion Shoes

DESPITE the pall cast by President Barack Obama's crackdown on US banks and China's financial woes, Philippine financial markets still hold some promise this year, according to ING Bank.

"Numerous industry professionals believe that the local equity market continues to hold good upside for 2010. Barring negative developments, especially in relation to the elections, the country's strong corporate fundamentals and healthy consumer and overseas remittance sectors should bode well for the market," said Cesar Zulueta, managing director of ING Bank N.V. Manila Branch.

In a report, ING said that the percentage of investors who believe the upcoming elections will have a negative effect on the economy has increased from 15 percent to 24 percent.

rolex fake

However, respondents' anticipation of the upcoming elections' negative impact on their investment portfolio decreased from 33 percent to 23 percent.

"Filipino investors remain bullish about low-risk/return investments and their view on the property market improves significantly. Their outlook on equities likewise remains cautiously optimistic, a vast improvement versus two quarters ago," ING said.

In its Investor Dashboard Survey, ING said confidence in the Philippines slightly fell in the fourth quarter of last year, but remained optimistic despite the damage caused by typhoons and the mass murder in Maguindanao.

The country's investor confidence index dropped to 134 in the fourth quarter from 139 in the third quarter.

replica breitling

"With the significant losses following one of the worst flooding disasters in the country's history, increases in commodity prices and in the number of unemployed are potentially expected scenarios," the report said.

At the Philippine Stock Exchange, the composite index on Wednesday fell for a fourth consecutive session, shedding 1.2 percent to 2919.48 points, while the all-shares index gave up 0.40 percent to 1879.71 points, as lingering risk-aversion stemming from economic developments abroad dampened investor interest.

Trading volume hit 2,214,780,396 valued at P2.9 billion.

All sub-indices fell, with decliners at 92 outnumbering advancers at 30. Forty-nine counters were unchanged.

"External concerns emanating from the proposed regulations on the US financial sector and the cooling down of the Chinese economy caused the bears to take over the market from the bulls," AB Capital Securities said in a note.

What made things worse was brewing concerns over the upcoming presidential elections.

"There are the usual worries about what the new president's economic policies will be. Besides that, there is also the brewing concern of a no election scenario," it said.

"Market fundamentals are deteriorating and its beginning to reflect in share prices. Besides the external concerns and election woes, there is also the worry of rising commodity prices," the brokerage firm said.

"We are beginning to see shortages in electricity, water, sugar and rice. Earnings growth is also expected to slow down to single digit levels even as GDP growth improves," it added.

At the Philippine Dealing System, the peso closed weaker on Wednesday, but traders said the decline was reasonable.

The local currency ended the day at 46.69, shedding 95 cents from Tuesday's close of 46.595.

It
Other articles:
http://www.kubicarobert.com/blog/view/id_127/title_Pretty-as-princesses/
http://www.brokenheartedblog.com/blog.php?user=mywatches¬e=624
http://www.freeblog.com.br/mywatches/21728/Elt+gift+of+the+garb.html
http://ribmagazine.com/riblife/blog/view/id_130/title_images-of-bag-thief-who-broke/
http://baerliner-seiten.de/mywatches/2010/02/24/dont-leave-behind-a-history-w/