F. Yap Securities / 2TradeAsia

Participants might focus on the US economy’s 2Q GDP, which came in at a faster clip vs. 1Q (+2.8% vs +1.4%), as well as views on the timing of the Fed’s policy easing cycle.

Eyes are set whether the PSEi would continue its recent strength, or sellers might seize on this move to pocket gains.

Sentiment might take its cue from Wall Street’s ascent, as expectations build for consideration of less-restrictive monetary policies by the Fed for the remainder this year.

Participants will monitor local gauges’ staying power above 6,500, as some players seize on this strength to cash-out.

The market might take its cue from Wall Street’s incline, with the latest jobs data supporting expectations for monetary easing from the Fed.

Market participants would heed to latest inflation for June (vs. May’s 3.9%), with BSP’s outlook pegged at 3.7% to 4.5%.

Attention is set whether local gauges would scale back to 6,500, while waiting for June’s inflation data this Friday.

The market might take its cue from Wall Street’s ascent, with very few macro leads available locally.

Reinforced support from the BSP for the likelihood of August’s rate cut may support sentiment for local equities.

The spotlight is on local monetary authorities’ policy meeting, with consensus skewed for another status quo.

Local equities may continue to advance for the third straight session, as some investors position in select large-caps.

Participants are likely to monitor continuity of yesterday’s recovery, especially for select sectors that led the rise (I.e., property & services).

Caution might be the main theme this week with the quarter-end portfolio closing.

Sentiment might take its cue from DJIA’s ascent, on prospects for the Fed’s policy easing & reports of accommodative policies from China.

Participants might bid for time to check on turnover improvement, supporting local benchmark’s sideways movement.