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.
This story is from the September 09, 2024 edition of The Philippine Star.
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This story is from the September 09, 2024 edition of The Philippine Star.
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