Earnings, interest rates to dictate local stocks 0 SHARES Share it! Share TweetBy James A. LoyolaStock analysts hope the local market will receive a boost from second quarter earnings reports as well as the prospect of lower interest rates. BDO Chief Market Strategist Jonathan Ravelas said the market is taking its cue from the dovish commentary of US Fed Chair Jerome Powell which gives the local central bank more flexibility in lowering domestic rates. He added that investors are also positioning ahead of the second quarter corporate earnings. Mangun said investors may gain confidence as second quarter earnings start to come in as these are expected to be better than in the last few quarters due to lower costs and higher spending.

Source: Manila Bulletin July 14, 2019 14:03 UTC