F. Yap Securities / 2TradeAsia

Market watchers may monitor possible continuity of yesterday’s supply pressure, while digesting on 1H corporate earnings results.

The 90-day tariff truce extension between China-US and oil prices that have simmered following peace talks being arranged by the US on Russia-Ukraine, augur well in fund managers’ inflation expectation over the near-term.

Sentiment might take its cue from US equities’ overnight advance, following tamer July CPI data.

Possible follow-through weakness will be monitored, as some fund managers seize on dips to position in select shares.

Eyes are set on the revised PSEi member-basket, with possible rotation into stellar sectors (i.e., gaming, industrials, mining/oil).

Market watchers would check on overall reception to better-than-expected 2Q GDP of +5.5% (vs 1Q’s +5.4%), as several heed for BSP’s sequel direction on its policy easing cycle.

Anticipation on the release of 1H GDP may prod positioning in equities, partly with support coming from the agri sector.

Market participants might laud July’s tamer inflation, that is seen to widelysupport policy easing on domestic interest rates.

Momentum may continue, as participants position in bargain shares with solid prospects for 2H.

Resumed positioning is seen, on expectations for tamer July local consumer prices, plus support for interest rate easing in 2H.

Eyes are set whether positioning would soon unfold, with the PSEi at attractive zone.

Market participants will check for continued supply pressure, following prior session’s weak market breadth.

The anticipated nationwide roll-out of P20/kg rice pricing is something the investing community might look out for, following PBBM’s SONA.

The market is back to the elusive 6,500 zone, and feelers might reverberate anew for the market to trounce past this barrier.

Possible follow-through buying is seen, on hopes for positive outcome from PBBM’s trade visit to the US on tariffs & maritime security.