Market Outlook

The market might be receptive to April’s inflation (1.4% vs March’s 1.8%), & likely to switch attention to the local central bank’s policy response.

Similar pattern may be seen, as fund managers await for results from the Fed’s policy meeting.

The PSEi increased 2.28% w/w to 6,411.86 (+143.11pts), breaking past its 6,400 resistance as well as its 20-day, 50- day, and 100-day moving averages (MA).

Market’s attention might sway to the Fed’s policy move on 06-07 May meeting, plus the release of Philippine 1Q GDP on 08 May.

Following the doji from the previous day, the index gained +1.64%.

Sentiment might take its cue from expectations for possible 100bps rate cut from the Fed following frail 1Q GDP in the US (-0.3%).

The index wrapped up the session relatively flat closing at 6,252.19 (+0.04%).

Gauges might finish on the plus-side, with latest headlines on tariff relief packages for the US auto industry, & Fitch’s affirmation of investment grade on the Philippines.

Similar trend from prior session might prevail, as investors shape their portfolio for the month-end repositioning.

The PSEi increased 2.19% w/w to 6,268.75 (+134.13pts), breaking past its 6,200 resistance as well as its 20-day and 50 -day moving averages (MA).

Continuity of Friday’s advance is seen, as countries worldwide prepare countervailing measures to weather-out uncertainties from the US-China tariff standoff.

The index wrapped up the session with a doji candlestick at 6,158.48.

Expect volatile trades as April comes to a close, on month-end portfolio balancing.

Sentiment might take its cue from assurances of negotiations on the US-China tariff standoff, while heeding for 1Q corporate earnings guidance from largecaps.

The PSEi on another consolidation as it closes 6,145.59 (+0.12%).