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INVESTMENT STRATEGY
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Economic Updates
Inflation to take a sleigh ride down going into “ber” months
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Economic Updates
Higher GDP growth expected
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Reports
So it begins: BSP starts monetary easing
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Investment Tips4 MIN READ
Investment Ideas: September 18, 2024
Here are our latest picks and calls to help you create your ideal investment portfolio.
By Metrobank Read More
Rates & Bonds2 MIN READ
Peso GS Weekly: Market awaits key auctions and central bank decisions
Investors eye 10-year bond auction and potential rate cuts, as market sentiment remains cautiously optimistic.
By Metrobank Local Currency Trading Department and Maria Christina Virtudazo Read More
BusinessWorld5 MIN READ
Boards approve wage hikes in Calabarzon, Central Visayas
Regional wage boards have approved increases in the daily minimum wages of workers in the Cavite, Laguna, Batangas, Rizal, Quezon (Calabarzon)...
By BusinessWorld Read More
Markets2 MIN READ
Prospect of big Fed rate-cut keeps gold at record levels
Gold prices extended gains to an all-time high on Monday, supported by a weaker dollar and the prospect of a big rate reduction by the US ...
By Reuters Read More
Currencies3 MIN READ
Dollar pinned down by 50 bp Fed cut bets
SINGAPORE - The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected start to a US easing cycle that market...
By Reuters Read More
TODAY’S REPORT
September 19, 2024
The Gist
Your Morning Fix
- The US Federal Reserve cut policy rates by 50 basis points (bps) to the 4.75%-5.00% range, with Fed Chair Jerome Powell calling the move a “recalibration” to account for the sharp decline in inflation and to stay ahead of any weakening in the labor market.
- The US Fed also released new dot plot rate projections that are lower than what was released in June, with policy rates expected to end 2024, 2025, and 2026, at median levels of 4.375%, 3.375%, and 2.875%, respectively.
- US Treasury yields initially grinded lower but eventually closed higher by 1-6 bps while the dollar remained flattish after Powell remained cautious, stating that the 50-bp cut may not be the pace for succeeding cuts. US equities ended modestly lower after much trading volatility heading into the meeting, with markets optimistic that the jumbo rate cut will help the US economy achieve a soft landing.
- The Bangko Sentral ng Pilipinas (BSP) plans to substantially reduce the reserve requirement ratio (RRR) for banks this year, with further reductions possible next year.
- Short-term liquidity management will be the priority for the central bank. The bank has no plans to issue long-term securities.
The Gist
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Investment Tips
3 MIN READ
ECB’s rate cut: Decoding the impact on global investments
The European Central Bank’s latest move reshapes opportunities in international markets.
Investment Tips
4 MIN READ
Investment Ideas: September 18, 2024
Here are our latest picks and calls to help you create your ideal investment portfolio.
Rates & Bonds
2 MIN READ
Peso GS Weekly: Market awaits key auctions and central bank decisions
Investors eye 10-year bond auction and potential rate cuts, as market sentiment remains cautiously optimistic.
Investment Tips
3 MIN READ
Investment Ideas: September 17, 2024
Here are our latest picks and calls to help you create your ideal investment portfolio.
Equities
5 MIN READ
Stock Market Weekly: Sideways with a slight upside bias
There is a bullish mood in the market amid a lack of catalysts.
Investment Tips
3 MIN READ
Investment Ideas: September 16, 2024
Here are our latest picks and calls to help you create your ideal investment portfolio.
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Money Sense
Equities4 MIN READ
Mixed results for food and beverage giants amid consumer caution
Value-focused strategies and global expansion yield mixed results for food and beverage sector in 1H 2024
Equities4 MIN READ
Telco titans dial up profits in Q2 2024
Globe Telecom leads the charge as fintech ventures boost sector performance
Investment Tips4 MIN READ
Harnessing the potential of fixed income UITFs
Fixed income UITFs may be the missing piece in your investment portfolio.
Investment Tips6 MIN READ
A 5-step guide to creating your ideal investment portfolio
Turn these simple steps into a checklist to make sure your investment funds are in the right place.
Investment Tips4 MIN READ
Switch trade success: How a timely bond switch secured better returns
When a client’s bond portfolio faced potential reinvestment risks, we saw an opportunity. Through a carefully executed switch trade, we created a strategy for enhanced yields and long-term stability.
Investment Tips2 MIN READ
US Elections 2024: Market-moving policies and a potential Democratic shake-up
Discover the effect of US elections on the stock market and determine the right move for your investment strategy. Read this article to learn more.
Explainer Articles
Explainer
5 MIN READ
What are sovereign bonds and how do they work?
Sovereign bonds can be a means for a government to secure funding from foreign investors to help fund its various projects and programs.
Key Points
- What are sovereign bonds?
- How do sovereign bonds work?
- Types of sovereign bonds
- How to buy sovereign bonds?
- Risks associated with sovereign bonds
- Is it a good idea to invest in sovereign bonds?
- Ready to invest in sovereign bonds?
Videos
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Webinars
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2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
In our most recent webinar, financial markets experts from Metrobank and our credits research partner CreditSights, discuss the possible effects on the investing environment amid an expected easing of inflationary pressures. June 21, 2024
Investing with Love: A Mother’s Guide to Putting Money to Work
In this webinar by First Metro Securities, you will learn about how a mother’s love can be related to investing. May 15, 2024
Investor Series: An Introduction to Estate Planning
In this webinar organized by the CFA Society Philippines, Wanda Beltran, Metrobank Head of the Accounts Management Division under the Trust Banking Group, shares some hard-earned lessons about poor estate planning and some tools and tips that can help people build an equitable legacy for their loved ones. September 1, 2023Webinars
Inflation Report
Inflation Update: Inflation is slower than expected in April
We have revised our inflation forecasts for 2024 and 2025 amid weaking inflationary pressures.
