Weekly Fixed Income Summary : July 29 – August 2, 2019

Weekly-Fixed-Income-Summary-and-Outlook
Easing Outlook. Local yields may further drop this week as the market prices in expectations of Monetary Board’s (MB) 25-bp policy rate cut on August 8 due to sustained deceleration in July inflation of 2.4% released today and another sub-6% GDP growth in Q2-2019 (Quarter 2; 5.9% consensus) to be released on August 8. In addition, BSP Governor Benjamin Diokno... Read More

Weekly Equities Summary and Outlook : July 29 – August 2, 2019

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. Expect the market to follow the correction seen in the global markets. The PSEi is expected to trade somewhere around the 7,700 – 7,900 support, dragged by global headwinds, MSCI rebalancing, and local corporate earnings. Trade war escalation will remain the theme in the global market for the week, although we may find some comfort from a... Read More

Weekly Fixed Income Summary : July 22 – July 26, 2019

Weekly-Fixed-Income-Summary-and-Outlook
Rate Cuts Priced In Outlook. Expect local bond yields to remain rangebound as the local and international market have largely priced in the Fed cut this week. We don’t think US President Trump’s comments (“will only do little”) on the possible 25bps cut will change the Fed’s course. But the Fed’s move will reinforce China and E.U’s further lowering interest... Read More

Weekly Equities Summary and Outlook : July 22 – July 26, 2019

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. The likely Fed rate cut and corporate earnings are expected to support the market this week at 8,100 but we recommend a hold on buying ahead of MSCI semiannual index review next week, August 8. Key economic data are scheduled to be released for 1H19 like inflation and GDP, unless there are positive surprises from these releases,... Read More

FAMI: Invest in the growth potential of PH economy

FAMI-Consumer-Fund
In an investors briefing, First Metro Asset Management, Inc. (FAMI), the fund management arm of First Metro Investment Corporation, advised company directors, CFOs, other decision-makers and investors to invest in the country’s promising growth story. FAMI president Karen Liza Roa said, “The Philippines is a consistent performer. Our economy registered an above 6.0% GDP growth for eight years in the... Read More