F. Yap Securities / 2TradeAsia

Sentiment might glide with the region, on optimism over China’s economic stimulus plan.

Volatile sessions are seen, as participants await key issues that will be presented in Pres. Marcos, Jr.’s SONA, timed with the US Federal Reserve’s meeting this week (25-26 July).

Sessions might remain range-bound, as participants heed to 2Q23 corporate earnings.

Market watchers will monitor the PSEi’s staying power above the 6,500 zone, as some are likely to

Slower US CPI data may lend optimism for equities, reinforcing expectations on

Expect volatility to continue however, given debates on how further economic growth will be supported for the remainder this year.

While movements remain range-bound, expect volatility for most part of the week as

Eyes are set whether the market would be able to continue momentum build-up based on yesterday’s advance, as some might be inclined to utilize this strength to exit.

Participants may be on wait-and-see mode, if Thursday’s trades would mimic previous session’s MOC-boost.

Sentiment might drift to Wall Street’s overnight weakness (DJIA -0.69%, Nasdaq Comp. -1.26%) as fund managers trail the progress of US debt ceiling negotiations.

Mixed tones might greet Monday’s trades, as investors sift through headlines on the approval of debt ceiling cap in the US, as well as those at home.

Higher planes are in store for local equities, on prospects for status quo on domestic interest rates & possible consideration for cuts in reserve requirement.

Sessions might be range-bound, as participants sift through latest retail sales growth in the US against economic growth outlook.

Higher sessions are seen, as participants position for possible status quo from local monetary authorities from Thursday’s policy meeting.

Attention will be on the local central bank’s policy meeting this week, as participants weigh possibilities for a status quo, or parallel rate hike move from the Fed.