F. Yap Securities / 2TradeAsia

Sentiment might glide to Wall Street’s overnight incline (Friday & Monday), as views are weighed on Fed chair Powell’s statement plus upcoming inflation data in the US.

Market participants will sift through headlines during the weekend break, especially with Fed chair Powell’s upcoming statement, and property trends in China.

Participants will check on continuity of prior session’s advance, as well as consensus for status quo from BSP’s policy meeting today.

Eyes are set whether inflection point could be made at the 6,300 zone, as several watch if supply pressure would still be

Local equities might need to find a stable base for now, as the market digests on slower 2Q GDP, versus

Sentiment might sway to Wall Street’s overnight incline (DJIA +1.16%, Nasdaq Comp. +0.61%), on expectations of tamer sequel inflation trend.

Sentiment might sway to Wall Street’s weakness, as some investors cash-out with the Ghost month season.

Selective buying might provide the boost on local gauges, as investors seize on this lull to position in equities.

Sentiment might glide with the region, on optimism over China’s economic stimulus plan.

Volatile sessions are seen, as participants await key issues that will be presented in Pres. Marcos, Jr.’s SONA, timed with the US Federal Reserve’s meeting this week (25-26 July).

Sessions might remain range-bound, as participants heed to 2Q23 corporate earnings.

Market watchers will monitor the PSEi’s staying power above the 6,500 zone, as some are likely to

Slower US CPI data may lend optimism for equities, reinforcing expectations on

Expect volatility to continue however, given debates on how further economic growth will be supported for the remainder this year.

While movements remain range-bound, expect volatility for most part of the week as