MANILA: The local stock barometer declined while the peso remained at the 58 to a dollar level on Monday. The Philippine Stock Exchange index (PSEi) shed 6.86 points to 7,136.10, while All Shares also went down by 5.55 points to 3,951.66. "Philippine shares traded as the market focus intensifies on key U.S. events, with investors keeping a close watch on the November 5 elections and the Federal Reserve's policy meeting," Regina Capital Development Corporation managing director Luis Limlingan said. Limlingan noted that any indications from the Fed regarding future rate adjustments could shape market sentiment. According to Philippines News Agency, locally, the economic calendar is equally eventful. Monday kicks off with the release of October's SandP Global Manufacturing PMI, followed by Tuesday's inflation data. "Wednesday brings updates on employment, trade balance, and industrial production. The week concludes on Thursday with the release of third quarter 2024 GDP (gross domestic product) growth figures an d foreign exchange reserves," Limlingan added. Except for Holding Firms and Services, almost all sectors closed in the negative territory, led by Mining and Oil, which declined by 167.12 points. Decliners led advancers at 107 to 76. Meanwhile, the peso closed at 58.34 to a dollar on Monday, slightly weaker than the 58.1 level last Thursday. The financial markets were closed on November 1, a regular holiday for All Saints' Day. The local currency opened at 58.27 and traded between 58.15 to 58.36, bringing the weighted average of the day to 58.238. Volume of trade reached USD1.1 billion, indicating significant activity in the currency market as investors assessed both local and international economic signals.