F. Yap Securities / 2TradeAsia

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.

With just a few points shy from the 7,500 zone, participants are likely to take on feelers whether some might seize on this strength to cash-out, while monitoring the depth of positioning on intra-day dips.

The local central bank’s 250bps cut in banks’ reserve requirement was more than our estimated 100bps, underscoring their goal of pump-priming the economy.

The market might take its cue from Wall Street’s incline (DJIA +1.26%, Nasdaq Comp. +2.51%) as expectations build for a new cycle of monetary policy easing with the Fed’s rate cut move.