PSE Market Outlook (18 Sep 2023) by 2TradeAsia
Participants might adopt a wait-and-see stance for now, to check if supply pressure from FTSE rebalancing has already subsided.
Participants might adopt a wait-and-see stance for now, to check if supply pressure from FTSE rebalancing has already subsided.
The market might see similar last-minute lift, while trading within a tight range for most part of the session.
Choppy sessions are seen, as sentiment might glide to Wall Streetâs overnight weakness (DJIA -0.57%, Nasdaq Comp. -1.06%) on renewed concerns over
Participants may need to sift through Augustâs latest inflation data (+5.3% vs. Julyâs 4.7%), especially on guidance from the local central bank on
Market participants will focus on movements in select index stocks, that may include the tender offer progress in MPI.
Some might take interest in heavily-beaten large-caps that led yesterdayâs descent.
Expect volatility with the month-end portfolio repositioning.
Sentiment might glide to Wall Streetâs overnight incline (Friday & Monday), as views are weighed on Fed chair Powellâs statement plus upcoming inflation data in the US.
Market participants will sift through headlines during the weekend break, especially with Fed chair Powellâs upcoming statement, and property trends in China.
Participants will check on continuity of prior sessionâs advance, as well as consensus for status quo from BSPâs policy meeting today.
Eyes are set whether inflection point could be made at the 6,300 zone, as several watch if supply pressure would still be
Local equities might need to find a stable base for now, as the market digests on slower 2Q GDP, versus
Sentiment might sway to Wall Streetâs overnight incline (DJIA +1.16%, Nasdaq Comp. +0.61%), on expectations of tamer sequel inflation trend.
Sentiment might sway to Wall Streetâs weakness, as some investors cash-out with the Ghost month season.
Selective buying might provide the boost on local gauges, as investors seize on this lull to position in equities.
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