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...
President Ferdinand R. Marcos Jr.’s decision to ban Philippine offshore gaming operations (POGOs) may have little impact on most publicly-listed property developers, but it will affect the jobs and sales of businesses supporting the industry. “POGO operations have been reduced since the...
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...
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...
The local stock market is seen to remain volatile as sentiment continues to be weighed down by the weak peso, delayed interest rate cuts, and persistently-high inflation. “Broader market movements last week reflected a more hawkish US Fed, as officials indicated their lack of confidence to...
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...
