“Next week, we expect the local market to start on cautious trading as investors await the State of the Nation Address for clues on the local economy’s direction,” said Philstocks Financial Senior Supervisor for Research Japhet Tantiangco.
Aside from the SONA, Tantiangco said investors are expected to take cues from the Federal Reserve’s upcoming policy meeting. It noted that firms such Meralco, Wilcon, and the Aboitiz group will also be reporting their first half performances and “overall results for the first half should print better year-on-year.”
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