PSE Market Outlook (15 Mar 2023) by 2TradeAsia
Sentiment may take its cue from assurances given by Pres. Biden, that the issues on SVB & Signature Bank would be contained.
Sentiment may take its cue from assurances given by Pres. Biden, that the issues on SVB & Signature Bank would be contained.
Expect volatility as participants assess regulators’ prime moves to isolate & address the capital-raising issue that has weighed on Silicon Valley Bank (SVB) Financial Group.
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Local equities might be on weaker trail, as sentiment glides to Wall Street’s overnight drop (DJIA -1.66%, Nasdaq Comp. -2.05%).
Local sessions might test higher planes, with macro headlines being factored into prices. The focus would be on
Market participants will weigh if sentiment would glide more to prospects for faster Fed rate hikes against tamer inflation results for February at home.
Focus will be on Friday’s inflation, and sequel measures that will be taken by the local central bank on its monetary policies.
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Sessions may advance, taking its lead from Wall Street’s overnight incline Friday (DJIA +1.17%, Nasdaq Comp. +1.97%).
Select sectors might be in focus, specifically leisure/gaming bets, given BLOOM’s earnings results.
Expect volatility to prevail, ahead of the release of February’s inflation data.
Caution would likely be thrown anew, given yesterday’s MOC-sell-off (especially for holdings & property).
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Attention would be on possible recovery for local gauges, as sentiment trails Wall Street’s overnight ascent, plus possible consideration for
Volatility may prevail, as the market balances expectations for tightened monetary policies versus recovery prospects.
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