Welcome to PinoyInvestor!

Eyes are set whether the PSEi would continue its recent strength, or sellers might seize on this move to pocket gains.

Sentiment might take its cue from Wall Street’s ascent, as expectations build for consideration of less-restrictive monetary policies by the Fed for the remainder this year.

Participants will monitor local gauges’ staying power above 6,500, as some players seize on this strength to cash-out.

The market might take its cue from Wall Street’s incline, with the latest jobs data supporting expectations for monetary easing from the Fed.

The PSEi rose by +1.26% w/w to close at 6,492.75pts.

The index closed on a high note on resistance levels yesterday at 6507.49 (+0.89%), with all indicators showing bullishness and stocks rallying.

Market participants would heed to latest inflation for June (vs. May’s 3.9%), with BSP’s outlook pegged at 3.7% to 4.5%.

Attention is set whether local gauges would scale back to 6,500, while waiting for June’s inflation data this Friday.

The market might take its cue from Wall Street’s ascent, with very few macro leads available locally.