The local stock market is seen to continue riding on optimism this week due to the Bangko Sentral rate (BSP) cut and expectations that the US Federal Reserve may start reducing rates by September. Philstocks Financial Research Manager Japhet Tantiangco said that, while the local market had a good...
Investors in the local stock market will eagerly wait for the result of the Monetary Board’s policy meeting and the release of US inflation numbers this week, which will determine whether last week’s rebound will be sustained. “Next week, the Bangko Sentral ng Pilipinas’ monetary policy...
Local stocks are seen to be ripe for bargain hunting during the first week of the Chinese Ghost Month, but investor sentiment will be swayed mainly by a slew of important economic data and corporate earnings reports. “The local market is still deemed to be undervalued and, with the two-week...
Stocks market investors will be looking mainly towards the US Federal Open Market Committee meeting and corporate earnings reports for cues this week even as there remains more room for bargain-hunting amid improving trading data. “The local market has already exhibited a golden cross as its...
Sentiment at the local stock market is still seen to be buoyed by expectations of a rate cut although some stocks may be vulnerable to profit-taking following recent gains. “We continue to see a build up in positive momentum for the local bourse as it extends its rally to a fourth straight week....
While investors show optimism amid expectations of an interest rate cut by the US Federal Reserve and the Bangko Sentral ng Pilipinas, some volatility may still be seen as it may take two more months before this finally happens. Online brokerage firm 2Tradeasia.com noted how “deeply entangled the...
The local stock market may continue to ride higher on news of the lower Philippine inflation and indications of disinflation in the US although investors will still be waiting for the US July inflation report and some local economic data for more cues. “We’re seeing a build-up of upward...
Investors in the local stock market will be watching out for the release of June inflation numbers for cues this week although follow through buying may keep stocks buoyant after the Bangko Sentral’s statements gave sentiment a boost. “This week, investors are expected to watch out for the...
After its steep eight-day fall, the local stock market will now be looking forward to the Monetary Board’s policy meeting later this week as it hopes for a statement that will trigger bargain-hunting among investors. “The local market is seen to be exhibiting a bearish bias… With its decline,...
The local stock market has turned bearish after last week’s plunge but investors are not seen to jump in to pick up bargains this week as they are expected to remain on the sidelines amid an absence of positive catalysts. “The local market declined last week by 2.07 percent. With its decline,...
Investors in the local stock market will be looking towards the US for cues as key economic data releases and the US Federal Reserve policy meeting will be front and center this week. “The highly anticipated Fed meeting on June 11 to 12, plus inflation reports for May should drive...
This week, stock market investors will be waiting for the release of the May inflation numbers as well as the labor market data while also keeping an eye on the peso-US dollar exchange rate. Philstocks Financial Research Manager Japhet Tantiangco said that there may also be some bargain-hunting as...
