The consensus estimate for inflation in November is 7.8%, which is just a sliver higher than the inflation in October. For that reason, sideways trading with a downward bias will dominate the stock market this week.
With the market now trading at overbought levels, coupled with the rising COVID cases in China, investors are expecting a pullback this week.November 28, 2022
With the central bank saying that it will adjust foreign exchange policies to restrain the peso’s volatility, we may see a rally this week.November 21, 2022
Despite elevated inflation rates, the perils of escalating conflict arising from the Russia-Ukraine war, and fears of economic recession globally, the country’s banks are doing well.November 17, 2022
We can expect sideways trading with a slight downward bias this week as investors await more earnings and data releases as well as the central bank’s policy rate decision.November 14, 2022
Investors are waiting for several catalysts before making their moves this week—more earnings results, Philippines’ GDP and unemployment numbers, and the US inflation print.November 7, 2022