The local stock market will be taking cues this week from the announcement of the August inflation rate while investors remain wary of rising costs, weaker peso, and interest rate hikes.
“The aggressively hawkish policy outlook of the Federal Reserve is still expected to weigh on the local market
The local stock market is riding on bullish sentiment and will be looking for cues to gauge if this is sustainable such as the US gross domestic product figures for the second quarter which will be announced this week.
“US GDP for the second quarter will be announced this week, which will be inter
This week, investors will see if the local stock market is strong enough to reach for the 7,000 or succumb to profit-taking pressures as the earnings season winds to a close.
“Last week’s run shows that there is positive momentum building in the local market. For next week however, the local marke
The local stock market may cautiously try to move further up this week on the back of good corporate earnings reports and after breaching its resistance level but investors will also get cues from the release of GDP and employment figures.
“Last week, the local market was able to get past its 6,40
This week, the local stock market will be waiting for the June inflation rate announcement and some large cap corporate earnings results, although volume may be affected with the start of the Chinese Ghost Month.
“The local market is expected to move sideways as investors wait for catalysts. In pa