Stocks to take cue from data releases

The benchmark Philippine Stock Exchange index ended in a sour note last Friday at 6,615.55, down by 0.20 percent week-on-week.MANILA, Philippines —

“Also, the market was unable to hold its position above the 6,700 level last week, implying that a resistance remains at the said line,” he said.“However, ultimately, the market’s could still be dependent on our upcoming economic data. Investors are expected to watch out first for our April inflation report,” he said.

2TradeAsia.com said index movement has been capped by intraday selling pressure, keeping rallies short and the overall trend generally unexciting. The governments of the Philippines and Cambodia have concluded the double taxation agreement in a bid to improve trade and...

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Asian Stocks Mixed as Investors Await US Inflation DataAsian stocks were mixed as investors await crucial US inflation data that could impact the Federal Reserve's decision on interest rates. Traders have adjusted their forecasts for monetary policy easing this year, with some even considering no cuts before 2025.
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