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Philippine Stocks Seen Trading Sideways Ahead of December Inflation Data

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Philippine Stocks,BSP,Inflation

Philippine stocks are anticipated to trade laterally this week, awaiting the release of December inflation figures, a crucial indicator for the Bangko Sentral ng Pilipinas' (BSP) upcoming policy decisions. Analysts predict the BSP will utilize the December inflation data to guide its next policy action. The market will also be monitoring the November 2024 labor force survey for signs of economic strength and the continued appreciation of the peso against the dollar, which could positively impact market sentiment.

Philippine stocks are expected to trade sideways this week ahead of the release of December inflation data, which will be a key indicator for the Bangko Sentral ng Pilipinas’ next policy action.

He said investors are also expected to watch the country’s November 2024 labor force survey for signs of strength in the local economy.

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