Bargain-hunting likely to lift PH stocks this week

Philippine stocks are expected to rebound this week after the last week’s decline as investors await the latest inflation report.- Advertisement -

The BSP said last week consumer goods and services prices may have risen within the 2.2 percent to 3 percent range in November from 2.3 percent in October. “However, we also expect lingering concerns to continue weighing on sentiment. These include first, US president-elect Donald Trump’s planned protectionist policies and its impact on global economic prospects, as well as the uncertainties on the Federal Reserve’s policy outlook,” Tantiangco said.

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