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Attention is on continuity of the local bourse’s ascent, as some might be prodded to seize on this strength to cash-out, pending latest US inflation data later this week.

Subdued sessions may persist, as investors heed for signs of accumulation in select large caps, as well as improved turnover.

The PSEi bounced back from the 6,600 level despite heavy foreign selling and rose by 1.74% w/w, closing at 6,724.14 (+115.29).

Improved chances for the Fed to lower its widely-watched interest rate would be the main theme this week, which may be seconded by possible follow-through rate cut from the local central bank.

The PSEi remains below the 6,700 mark, remaining under its 50, 100, and 200-day MAs.

Participants may get feelers if November’s inflation has already been factored-in, as some check on possible rate cut from monetary policy leaders this month.