Equities

With the market now trading at overbought levels, coupled with the rising COVID cases in China, investors are expecting a pullback this week.

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.

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.

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.

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.