F. Yap Securities / 2TradeAsia

Subdued sessions may persist, as investors heed for signs of accumulation in select large caps, as well as improved turnover.

Improved chances for the Fed to lower its widely-watched interest rate would be the main theme this week, which may be seconded by possible follow-through rate cut from the local central bank.

Participants may get feelers if November’s inflation has already been factored-in, as some check on possible rate cut from monetary policy leaders this month.

Participants are seen to monitor possible breakaway from the local bourse’s flattish trend, sifting through catalysts that could pump-up buy actions.

Fund managers’ attention might turn to the forex mart, considering headline news in the region (i.e., South Korea & China).

Expectation build-up for a December rate cut from the Fed might support buy positions in local equities.

Local investors will be on a wait-and-see mode, to check if supply pressures have softened, as several heed for prospective recovery rallies given the local bourse’s recent weakness.

Light sessions are seen, with fund managers off for the US Thanksgiving break.

Caution might dominate sentiment for local equities, following the previous session’s weak trail.

Participants will monitor possible continuity of yesterday’s weak tone, while gauging prospective positioning in select large-caps.

Volatility may continue, as eyes are set whether local gauges would mimic prior session’s MOC-boost.

Market participants may sift through on reactions to BSP’s possible ‘gradual’ rate cut, as well as its key directions that would be taken next year under a Trump-led administration.

Range-bound movements are seen, as participants might monitor possible supply pressure on intra-day strength.

Expect volatility in the coming days, given mixed views whether or not the Fed would continue with its nascent interest rate easing cycle.

Caution would still be the main theme, as prospective buyers wait for the sell-off to abate.