PSE Market Outlook (16 Feb 2024) by 2TradeAsia
Sentiment might sway to Wall Street’s lead, with improved liquidity returning to equities.
Sentiment might sway to Wall Street’s lead, with improved liquidity returning to equities.
Attention would be on the local central bank’s policy meeting, with consensus for a status quo.
Sentiment might glide to Wall Street’s weakness, on fears for possible slight uptick in domestic inflation for Feb.
Participants will monitor continuity of yesterday’s trend, or for supply pressure to start coming out ahead of the Lunar break.
Participants will monitor continuity of yesterday’s trend, or for supply pressure to start coming out ahead of the Lunar break.
Attention is set for the 6,800 target, having moved past 6,700.
Sentiment might glide to Wall Street’s renewed strength, as participants heed for earnings guidance on trajectory this year.
Participants will monitor if sentiment would glide to Wall Street’s latest retreat, after Fed chair Powell doused-off expectations for a rate cut in March.
Another volatile session is seen, as participants take on feelers if sentiment would sway to Wall Street’s ascent, or for profit-taking to prevail.
Expect volatility in the coming sessions, with January’s month-end portfolio closing.
Monitoring may continue given recent sessions’ light turnover, including supply pressure during final-minute close.
Sessions are likely to continue its upward momentum, as fresh hands take local equities closer to 6,700.
Participants might weigh whether supply pressure would prevail, or for sentiment to glide to Wall Street’s incline (DJIA +0.54%, Nasdaq Comp. +1.35%).
Sessions might round-up on the plus-side, as fund managers seize the recent dip to move in index-tied shares.
Light sessions are seen with most fund managers off on their holiday break in the US.
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