Rate cut optimism boosts PH equities

The Philippine Stock Exchange index (PSEi) is poised to extend streak of bargain-hunting as investors weigh the prospect of further interest rate cuts against critical economic data due for release this week.

- By JAMES A. LOYOLA

Optimism is building around expectations of stronger corporate earnings and pivot in monetary policy, though analysts warned that trading may remain volatile. Market participants are shifting their focus to upcoming inflation and labor market reports, which will serve as a barometer for the health of household consumption—a primary engine of the local economy.