The local stock market has turned more optimistic with robust first quarter corporate results, below-expected April inflation data in the US, and hopes of policy easing cues from the Bangko Sentral ng Pilipinas. “At its current level, the local market is still deemed to be attractive. Hence,...
Investors in the local stock market will be taking cues from the Bangko Sentral ng Pilipinas policy meeting this week. “The BSP is expected to keep rates steady (in its meeting on May 16), but stubborn inflation figures in April is making the speculation more interesting especially in light of...
Stock market investors will be taking their cue from the April inflation data to be released this week as this could affect interest rates while also looking forward to the release of the country’s gross domestic product (GDP) numbers. “Investors are still moving in a cautious tone, evidenced...
The local stock market is seen to focus on inflation and its impact on the US and domestic interest rates while also taking note of first quarter earnings reports. “This week, macroeconomic concerns are still expected to be present, primarily with respect to the Philippines’ inflation and...
With the local stock market on a seven-day losing streak, there may be some bouts of bargain-hunting this week although investor sentiment will continue to be dampened by concern over rising inflation and its impact on interest rates. “The local market turned more bearish as it breached the 6,700...
With investor sentiment turning bearish amid fears that interest rate cuts are not coming soon due to rising inflation, the local stock market is seen to look to the Bangko Sentral ng Pilipinas’ upcoming policy meeting as well as the country's trade data for direction this week. “Sentiment is...
Investors in the local stock market will be looking forward to the release of the March inflation numbers this week to see if there will be further delays in the central bank's policy rate cuts. “For the first week of April, investors are expected to look towards upcoming economic data for clues....
The local stock market is seen moving sideways as it benefits from quarter-end window dressing and some bargain hunting although cautious investors may opt to hold on to cash ahead of the long Easter weekend. “At 6,881.97, the local market is still at attractive levels with a price-to-earnings...
After the PSEi broke its 7-week rally while failing to breach the 7,000 resistance level, the local stock market is seen to wait for fresh cues from the Federal Reserves meeting this week (March 19-20). “Last week’s drop opens doors for bargain hunting opportunities. However, a strong rally...
While selling pressures remain after a 7-week rally, the local stock market is seen to remain bullish and may again try to breach the 7,000 level especially if US inflation data as well as local corporate earnings, remittances and foreign direct investments figures boost investor sentiment....
Local stock market investors will be looking for cues from the February inflation data to be released by the government this week as well as incoming corporate earnings reports. “This week, investors may take cues from our upcoming inflation data. An inflation print significantly higher than...
Currently on a five-week winning streak, the local stock market will be looking to large-cap earnings reports to see if the 7,000 resistance level will be breached this week. “The local market is already running on a 5-week winning streak with a total gain of 6.30 percent. Chartwise, the market...
