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MANILA Nike Air Max Flair Nederland , Nov. 5 (Xinhua) -- The Philippine stock market extended its losses on Wednesday due to a lack of positive leads.

The bellwether Philippine Stock Exchange index lost 0.18 percent, or 13.20 points, to 7,208.81, while the broader all-share index managed to eke out a gain of 0.005 percent Nike Air Max TN Nederland , or 0.20 of a point, to 4,244.50.

Trading volume reached 3.72 billion shares worth 9.08 billion pesos (202.06 million U.S. dollars) with 86 stocks advancing, 87 declining, and 54 unchanged.

"Share prices tumbled for a second straight session Nike Air Max 360 Nederland , following Tuesday's rout that ensued after the disappointing release of Philippine Long Distance Telephone Co.'s (PLDT) earnings," analyst Justino Calaycay of Accord Capital Equities Corp. said.

Aside from this, Calaycay said the lack of positive leads overseas also prompted investors to book marginal gains.

"The market's slide however was not an isolated event in the region. Tickers across the broad continent are bleeding," he said.

The equities' performance, Calaycay said Nike Air Max 98 Nederland , could be the result of the decline in European stocks after officials cut the growth forecast for the European Union. Growth in the region is now projected at 0.08 percent, down from 1.2 percent due to "fragile conditions."

While movements in the global markets will exert its influence on the local market, Calaycay said corporate earnings will play a bigger role in the next two weeks.

Stocks in the 30-company index closed mixed. Among those that rallied were BDO Unibank, Inc., Ayala Corp. Nike Air Max 2018 Nederland , and Energy Development Corp.

However, investors sold down heavyweight PLDT and Ayala Land, Inc.

By Matthew Rusling

WASHINGTON, Dec. 5 (Xinhua) -- A number of metrics indicate the U.S. economy is slowly but surely digging itself out of the dark abyss created by the worst recession in decades, but the jobless rate remains high Nike Air Max 97 Nederland , with millions still out of work and millions more underemployed.

The Fed's so-called "beige book" -- an anecdotal collection of economic information from across the nation -- expressed what some analysts billed as cautious optimism, and the Fed noted that early frigid temperatures bode well for apparel sales in some districts.

Small businesses, which employ most U.S. workers and have suffered for the last several years as the economy floundered, are expressing the highest levels of optimism since the world's largest economy took a nosedive in 2008, according to a Gallup poll released Thursday.

The survey found that 26 percent of small-business owners say the number of jobs at their companies will increase in the next 12 months Nike Air VaporMax Roze Nederland , while 8 percent say the number of jobs will go down. The low point in hiring plans occurred in 2008 when 18 percent said their workforce would decrease and only 14 percent anticipated an increase.

The U.S. recovery is also occurring at a swifter clip than the Eurozone and Japan.

"It seems clear that the economy is moving in the right direction with income and employment growth above the trend of the last few years. However, there is a long way to go to recover from the losses of the last eight years," Brookings Institution senior fellow Barry Bosworth told Xinhua.

"Also, productivity growth has been extremely weak and that is the fundamental characteristic limiting real wage gains," he added. "In an international context Nike Air VaporMax Wit Nederland , the dollar has been rising in value, making American products increasingly expensive in global markets."

Indeed, there are millions of jobless and the unemployment rate remains high, even after several years. On Friday, the Bureau of Labor Statistics' monthly jobs report saw November's jobless report holding steady from the previous month at 5.8 percent Nike Air VaporMax Grijs Nederland , the latest in a tired trend of high unemployment that has become routine in recent years, after the economy tanked six years ago. The good news was that last month saw the highest level of job creation since 1999, with 321,000 jobs added.

"Despite this surge in job creation, there's still substantial slack in the economy Nike Air VaporMax Rood Nederland , as evidenced by still sluggish wage growth -- a consistent theme of the recovery and indeed of the past thee-and-a-half decades," according to an Economic Policy Institute report released Friday.

"Private sector nominal average hourly earnings grew 2.1 percent annually in November -- similar to what we've seen this year so far -- which shows that the labor market is still far from healthy, and that Americans are not reaping the full benefits of the growing economy," the report noted.

NAIROBI, Aug. 17 (Xinhua) -- Kenyans on Wednesday afternoon flocked joint eating and social places around the country to cheer the 3,000m steeplechase men's event at the ongoing Rio 2016 Olympic Games.

Perhaps buoyed by the fact that Kenya has won an Olympic gold medal in every subsequent games since the country first fielded a runner in 1968 which was won by Amos Biwott, Kenyans left nothing to chance to watch a race they have since considered to be theirs.

On a bad Olympic year, Kenya has in the past relied on the 3,000m steeplechase to salvage its image, like during the 1984 Los Angeles Games when the East African nation won only one gold medal through Julius Korir.

Nairobi residents who had already signed off work for the day sipped tea in cafes to the eight-minute event.

The cheering hit a crescendo when Conseslus Kipruto breasted the tape in a time of 8:03.29 to break the Olympic record 8:05.51 which was set by Julius Kariuki in 1988 during the Seoul Games.

In Eldoret, the hometown of most of the athletes taking part in the quadrennial event, the county government erected giant screens where the residents watched the action from.

Residents filled the streets to watch the race and for about 10 minutes, the town came to a standstill as the people watched the action live.

In newsrooms, journalists took a break .

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