5 months Inflation, GDP, earnings to buoy trading Manilatimes |Biz
A market rally is seen to continue this week on what is expected to be a number of positive macroeconomic events. In a market note over the weekend, AAA Southeast Equities Inc. research head Christopher Mangun said he expected investors to continue buying this week amid an expected lower inflation rate for June and better second-quarter earnings from listed firms. He also expected consumer prices last month to settle below 3 percent from May’s 3.2 percent. The Bangko Sentral ng Pilipinas also placed the rate of the increase in the prices of goods and services in June to between 2.2 ... more