Monthly Archives: June 2019

Our View Positive developments on US-China trade and lower inflation expectations should boost the market entering the second half of the trading year. June saw the PSEI climb about 30 points (0.4%), marginally improving on the 0.2% gain of the … Continue reading →

OUR VIEW Stay on the sidelines for now since US-China trade deal is still uncertain.  S&P Global Ratings slashed PH growth forecast to 6.1%.  Mnuchin: We were about 90% of the way there [with a deal] and I … Continue reading →

OUR VIEW Trade cautiously as the market may extend losses, digesting tempered expectations for a rate cut. ➢ Fed is still assessing whether current economic uncertainties call for lower rates. The statement led most stocks to decline. ➢ US aims … Continue reading →

OUR VIEW Profit taking would likely to continue ahead of the G20 summit, joining most overseas equity markets. Government recorded a budget surplus of P2.6 billion in May. Trump signs an EO imposing “hard-hitting” new sanctions on Iran. Second quarter … Continue reading →

OUR VIEW Unload some shares as we expect profit taking to take hold amid tensions between the US and Iran. Possibly providing a counterforce are economic data slated for release.  Q2 Consumer confidence will be released at 12:00 PM, … Continue reading →

Our View Trade cautiously since the market may move sideways. Hopes on US-China trade talks and geopolitical tensions could be the main driver this week, with reactions that will come from local economic data. Tensions between US and Iran continued … Continue reading →

OUR VIEW We recommend to buy as the market may lead to a fourth-day gain given the positive outlook of the BSP. BSP keeps key interest rates at 4.5% and leaves room for monetary policy easing. BSP also cuts inflation … Continue reading →

OUR VIEW Accumulate more shares as the market may extend gains amid hopes of a US-China trade deal and monetary easing. If none of the two countries cut rates, the market could move sideways. US and China renew trade talks … Continue reading →

OUR VIEW Seek more bargains as the market may sustain its rebound amid expectations of the Fed’s shift to a more dovish tone. The main index could move sideways with an upward bias within the 7,900 – 8,000 range. Both … Continue reading →