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...
The local stock market will be looking for cues from fresh corporate earnings reports and the US inflation data this week, even as some profit-taking is expected after the recent rally fueled by the low inflation rate and expectations of rate cuts later this year. “The local market continues to...
Investors in the local stock market will be looking out for the government’s release of the inflation and employment numbers which may determine whether the Philippine Stock Exchange Index (PSEi) can stay above the 6,700 level. “An inflation print (for January) lower than December 2023’s 3.9...
COL Financial, the country’s largest online stock brokerage firm, is cautiously optimistic about the local stock market as it is poised for a bull run although fears of a US recession is holding it back. COL Financial Chief Equity Strategist April Lynn Tan “Everything is in place for a...
This week, local stock market investors will be taking cues from the US Federal Reserve meeting as well as Philippine fourth quarter gross domestic product (GDP) data. “Investors face an eventful trading week that could determine whether the local index finally breaks out of the strong resistance...
The local stock market is seen to be volatile in the next few weeks while investors wait for the US Federal Reserve meeting at the end of January although general sentiment remains positive amid expectations of rate cuts later this year. “The first US Fed meeting is scheduled for January 30- 31....
While the PSEi is still on a bullish trend, share prices may be weighed down this week by weaker sentiment due to the higher-than-expected US inflation rate which may delay expected rate cuts. “Technicals remain bullishly biased with its 50-day exponential moving average about to cross its...
This week, investors in the local stock market will seek fresh catalysts to support the uptrend in share prices and will be looking out for the US inflation rate as well as the Philippine labor and foreign direct investments data. “The market has been on an uptrend since bottoming last October...
The local stock market will be waiting for November’s inflation figure this week, hoping that a lower number will spur a rise in share prices. “This week, investors are expected to take cues from our upcoming economic data, primarily from our November inflation print which would give clues on...
