Analysts expect the market to continue moving with an upward bias over the coming days after the benchmark Philippine Stock Exchange index (PSEi) finished last Friday at 6,936.09, up by 0.56 percent week-on-week.
"The PSEi may continue its rally following the better-than-expected inflation figure in August," Unicapital head of research Wendy Estacio-Cruz said.
"Additionally, there is an increasing likelihood that the US Federal Reserve will cut interest rates during its FOMC meeting on Sept. 17 to 18, given the slowing US economy," she said.
Denne historien er fra September 09, 2024-utgaven av The Philippine Star.
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Denne historien er fra September 09, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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