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Sentiment may turn receptive to China-US accord to lower tariffs during their 90-day truce, plus the relatively peaceful outcome of the local elections.

Following a short climb, the PSEi fell -1.17%.

Participants may continue to parse through 1Q results, as well as forward guidance from select large caps.

From inflation, attention would shift to 1Q25 GDP data, expected to be released Thursday.

Following a strong continuation of the recent uptrend, the PSEi edged higher and consolidated near the 6,500 mark.

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.