F. Yap Securities / 2TradeAsia

Sentiment might sway to Wall Street’s ascent, as portfolio repositioning builds ground for 2024.

Share prices would balance-off stronger-than-estimated 3Q GDP with the Fed’s reiteration to keep monetary policies tight to meet their inflation goal.

Market investors will get feelers on 3Q23 GDP results (from +4.3% in 2Q23), and balance prospects towards 2024.

Follow-through response to tamer inflation in October might support sequel buying in equities.

Part of the climb might stem from month-end portfolio positioning.

Volatility may continue, as market participants check whether monetary authorities would proceed with the earlier hinted off-cycle rate hike.

Participants might take their cue from Wall Street’s incline, as political headlines simmer in the Israel-Hamas rift.

Eyes are set whether some participants would seize on the bourse’s current state to buy into

The mood might stay cautious for now, with global investors attuned to headlines on the Israel-Hamas conflict, including results of Pres. Biden’s visit.

Market participants would check for continuity of yesterday’s ascent, as investors heed for the release of 3Q earnings results from listed firms.

Expect volatile trades, as sentiment remains glued to geopolitical headlines.

Movements might remain limited for now, as the global investing community remain alert on the situation in the Middle East & potential ripple-effect to the commodities market.

Market participants may weigh reception to local industry players’ move to reduce fuel prices, or skew in favor of the recent Mideast conflict’s effect on sequel oil pricing.

Market participants will monitor progression on the lifting of rice price ceiling, parallel to the approved fare hike of LTFRB for jeepney vehicles.

Subdued sessions are seen following the PSEi’s decline yesterday, as participants await for the release of September inflation.