F. Yap Securities / 2TradeAsia

Local equities might take its cue from Wall Street’s continued advance, on hopes for results from Israel-Iran ceasefire.

Crude futures’ overnight retreat & breaking story of a ceasefire between Israel-Iran are set to lift optimism for equities.

Expect supply pressure, following the weekend US bombing of Iran’s nuclear facilities.

Follow-through buying is seen, given favorable backdrop at the macro front.

Participants may be watchful for possible continuity of supply pressure, given prior session’s trend.

Gauges may continue its ascent, as the market re-tests crossing near the 6,500 zone.

Sentiment might take its cue from Wall Street’s Friday advance, ahead of 09 June trade talks between China-US.

Eyes are set on possible sideways trade, as investors heed for the latest inflation in May.

Focus would be on the PSEi’s move past 6,500, as sentiment might track Wall Street’s overnight rise.

Another volatile, range-bound session is seen, as fund managers parse through reciprocal tariff headlines.

Expect choppy sessions for most of the week, with the effectivity of MSCI’s portfolio rebalancing on 02 June, plus FTSE’s rebalancing on 06 June.

Following the latest MOC-selling, participants will be checking on followthrough trends, especially with the latest US Appeals Court ruling that negated the Trade Court’s move to block Pres. Trump’s reciprocal tariff plan.

Attention is on continuity of the latest ascent, as investors position funds in bargain large-caps.

Sentiment might take its cue from US equities’ ascent, given the tariff respite (extension to 09 July) on the EU bloc.

Expect another light session in equities, as fund managers are on their extended weekend break for the US Memorial Day holiday.