Philippine stock index enters bear market, sees potential recovery with economic data releases.

The Philippine Stock Exchange Index (PSEi) fell into bear market territory last week, dropping to a two-year low. The index is expected to see a "relief rally" this week, influenced by upcoming economic data like Philippine January inflation and US December jobs figures. The PSEi may range between 5,700 and 6,000 this week, with potential for recovery as the composition of the index adjusts, adding AREIT, Inc. and China Banking Corp. The Philippine central bank may further cut benchmark rates this year in response to economic concerns.

2 months ago
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