Market Outlook

Investors might laud the Fed’s move to reduce its interest rate by 25bps, which could support expectations for similar moves from local monetary officials.

The index edges up by 0.46% climbing to 5,976.64, marking its second session in the green.

Movements might be range-bound for now, as some fund managers assess geopolitical tensions in the region, specifically on the latest rift involving Taiwan, between Japan-China.

The PSEi is showing signs of a short-term recovery after bouncing off the 5,800 support zone and is currently hovering around 6,000.

This week’s major theme is on monetary policy easing from both the Fed & BSP, which would aid in boosting growth.

The index depletes by 0.31% falling to 5,887.58, pulling back from the previous rebound observed from the prior weeks.

Movements may remain range-bound, as market watchers heed for catalysts.

Participants might sift through headlines on tempered GDP growth outlook plus S&P Global’s insolvency rating, versus expectations for monetary easing from the Fed & local authorities next week.

The index comes up by a marginal degree to close below the 6,000 level with investors gradually picking up positions for the holiday season.

Another range-bound session is seen as participants weigh on the odds for the Fed’s rate cut next week, that may be seconded by local monetary authorities.

Participants might angle on the latest weakness in local manufacturing gauge that could raise questions on the strength of 4Q consumer demand.

The PSEi rose 0.42% w/w to 6,022.24, bouncing from 5,800 support levels.

Following Friday’s incline, equities investors may aim for the PSEi’s next trajectory towards 6,200.

Expect volatile sessions, as some might cash-out ahead of US Thanksgiving plus month-end portfolio closing.

The index ends on the red to close at 5,976, losing -0.75%, coming down from the recent momentous gains.