F. Yap Securities / 2TradeAsia

Subdued sessions may continue, as some investors check on momentum improvement prior to positioning.

Sentiment could sway to optimism in the region, following latest steps taken by China to boost growth in its economy.

Similar trading pattern is seen, with local gauges touching intra-day highs and some investors seizing on this strength to profit-take.

Market participants might cheer BSP’s move to lower its benchmark rate by 25bps to 6%, supporting expectations for reduced borrowing costs for the remainder this year.

Market participants would monitor advances towards 7,550, as some position ahead of results from BSP’s policy meeting.

Sessions might be range-bound for now, as participants await on 4Q & 2025 earnings guidance, on top of the release of 3Q corporate results.

Sentiment may take its cue from Wall Street’s overnight ascent, following delivery of strong 3Q earnings from banks.

Expect a tussle between buyers and sellers at 7,300-7,500 range, which should strengthen a new base for higher levels.

Participants may take their cue from Wall Street’s incline, while others check for possible continuation of some supply pressure.

Eyes are set on continuity of yesterday’s advance, as some players might seize on this strength to cash-out.

Sentiment might glide to Wall Street’s ascent, on latest jobs addition data, while follow-through buying takes support from September’s inflation trend.

Activity might be range-bound for now, given yesterday’s sell-off.

Another upbeat tone is in store for local equities, as overseas fund managers take interest in China’s stimulus measures, alongside the Fed’s sequel rate cuts.

Investors might monitor continuity of yesterday’s breather, as gauges firms up on a solid base to support stronger rallies.

Hints for possible tempered inflation in September plus S&P Global Ratings’ rate cut outlook on the Philippines may support advances.