Philippine stocks eye gains; positive data, Fed rate cut

Philippine stocks are expected to continue their upward trend this week as investors anticipate positive inflation and GDP data.

On Friday, the PSEi closed at 6,411.86, marking its best performance in nearly four months.

The market's gains were supported by strong corporate results and expectations of an earlier-than-expected rate cut by the Federal Reserve following weak US GDP data.

This week, investors will focus on the release of Philippine April inflation data on May 6 and the GDP report on May 8.

Analysts expect the April headline inflation to be within the BSP's target range, potentially boosting market sentiment.

Investors are also monitoring global trade developments, particularly progress in trade negotiations with the US, which could drive optimism in the local bourse.

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