Stocks to benefit from low inflation rate 0 SHARES Share it! Share TweetBy James A. LoyolaThe local stock market will continue to be buffeted by uncertainties over the evolving US-China trade war although local developments remain on the positive side. Philstocks Financial Assistant Vice President and Research Head Justino Calaycay Jr. said Philippine equities should continue to get a boost from the lower-than-expected inflation rate and anticipation of lower borrowing costs. “A break above 8,200 could signal a break-out of the 7,500 – 8,000 levels consolidation and engage the bulls back to play. Failure to sustain gain above 8,000 will signal further consolidation within the 7,900- 8,100 levels,” he noted.

Source: Manila Bulletin July 07, 2019 13:52 UTC