Calm markets mask risk of sudden S&P 500 swings
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Share prices may move sideways this shortened trading week, with a slight upward bias, on hopes that the Bangko Sentral ng Pilipinas (BSP) will be less aggressive in raising interest rates.
The government’s rice tariff collection from January to July rose by 18 percent on an annual basis to almost P13 billion, driven by higher import volume and weaker peso, data from the Bureau of…