Daily Archives: July 10, 2019

On Balance: Daily Notes for July 11, 2019

Posted on July 10, 2019 by research

OUR VIEW Cautiously accumulate shares as the market tests the 8,100 resistance level while in search of a catalyst. Fed Chair Jerome Powell’s speech takes center stage to give US monetary direction clues, could raise equity markets if it hints … Continue reading →

Comments Off

On Balance: Daily Notes for July 10, 2019

Posted on July 10, 2019 by research

OUR VIEW Accumulation would best since the index is near on its support. We expect bargain hunting to prevail. Government spending on infrastructure slightly recovered in May. It jumped by 5.9% to P61.5 billion from P58.1 billion y/y. The government … Continue reading →

Comments Off