Weekly Fixed Income Summary: July 1, 2016

Brexit Boosts EM’s After Initial Shock Bonds Outlook. We expect bond yields to remain depressed as bonds rally this week following post-Brexit investors’ diaspora. As it turns out, the Philippines proved to be resilient from the shockwaves caused by U.K.’s vote to exit the European Union as the Philippines’ exposure to the U.K. or the E.U. was limited, making it quite... Read More

Weekly Equities Summary – July 1, 2016

Duterte Euphoria, Calm Post-Brexit send PSEi to all-time high Current Weekly YTD PSE      7,830.35 2.63% 12.63% FMETF         128.80 2.71% 13.48% All Shares      4,738.03 4.30% 18.73% Financials      1,763.81 2.02% 13.74% Industrial    11,926.64 1.49% 8.12% Holdings      1,655.75 3.42% 8.20% Property      3,443.80 3.78% 18.12% Services      7,647.91 1.68% 15.86% Mining & Oil    11,289.54 4.08% 8.27%... Read More

First Metro Economic & Capital Markets Briefing 2016 Presentations

Date: January 7, 2016 Venue: Makati Shangri-La Hotel   Summary (Source: http://www.firstmetro.com.ph/latest-news-events-main/2016-outlook-guarded-optimism) First Metro Investment Corporation expects the Philippine economy to sustain moderate growth in 2016. The country’s GDP is projected to expand by 6-6.5% underpinned by sound macroeconomic fundamentals, robust domestic consumption fueled by OFW remittances and the continuously growing BPO sector, stable Philippine peso weighed against other currencies... Read More