Market Outlook

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%).

Sentiment could sway to Wall Street’s overnight rebound, with 1Q corporate earnings in sequence.

Participants might monitor reactions to Wall Street’s overnight decline, with Trump’s latest social media tirade on the Fed.

The PSEi experienced some relief as it closed the week higher at 6,134.62 (+0.86% w/w) amid a shortened trading week.

Fund managers will sift through headlines during the Lenten break, to gauge follow-through appetite from investors spotting for bargains.

The PSEi increased intraday to 6,077.8200.