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The market might resume its ascent, as foreign funds position in select large caps with solid upside angles.

The market might take its cue from US equities’ overnight ascent, as investors heed for 4Q interim results.

The PSEi fell -2.03% w/w, closing at 6,333.26 (-131.41 points), and is currently moving within a descending channel, while the MACD has crossed over the signal line, which reflects a bearish momentum.

Movements might be range-bound for now, as market participants take on interest rate feelers for the Fed’s first policy meeting this year.

The index closed +1.08% higher after a 4-day downtrend, rebounding and continuing to trade above key moving averages.

Another advance is in store for local equities, riding on global investors’ optimism on Pres. Trump’s Greenland tariff U-turn.

Higher zones are seen, as investors take their cue from Wall Street’s incline, with the aversion of fresh US tariffs on European allies, given the framework accord in Greenland.

The index marked its three-day losing streak closing -1.32% lower but still comfortably trades above key moving averages.

The spotlight is on Pres. Trump’s tariff threat on European nations over Greenland issue that might prod some investors to rotate into safer haven securities.

Local investors’ attention might focus on the East of Malampaya field gas discovery announcement of PBBM, that could put select oil-related counters on spotlight.

The PSEi rose 1.8% w/w, closing at 6,464.67 (+116.53 points), and is currently moving within an ascending channel that reflects sustained bullish momentum.

Movements would likely be range-bound, with fund managers off to their extended weekend break in the US.