7 months Stocks to take cue from 2Q GDP, earnings MB |Biz
By James A. Loyola The local stock market will continue on its selective buying mode as focus starts shifting to second quarter economic growth and corporate earnigs and prospects for the new semester. “Review of first semester earnings is in place, and guidance for the second half will be watched out for,” said online brokerage firm 2TradeAsia. It noted that, “this early, several are anticipating for improved second quarter gross domestic product on the back of the approved fiscal budget plus higher consumer spending.” “Overall attention should build up on the Philippine’s growth angle, starting with infra line-up, accommodative monetary ... more