The week ahead

Today is the 62nd day of 2025. We’re already 10% of the way through the month without even having had a trading day. Q1 is 69% complete (nice). We’re 17% of the way through 2025. The PSEi ended the week with a downer of a session, bringing us back into the 5000s. Somehow, the trade war worries of last week have been one-upped by gargantuan shifts in the geopolitical landscape.

> PH:  The PSA will update on February’s CPI and inflation data on Wednesday. AREIT’s Q4 div ex-date is on Tuesday, and OGP’s Q4 div ex-date is on Wednesday. 

> International:  The European Central Bank will set interest rates on Thursday, but this week is more about watching the elephants fight than it is about trying to get nuanced signals about inflation.

  MB BOTTOM-LINE:  Most of the accountants in your life have probably been neck-deep in year-end closing activities for a couple of months already, but “busy season” is barely even halfway done. There’s still a long stretch to go before reports are due in April and May, but a quick glance at the calendar will reveal an uptick in scheduled activity, so we should have a steady diet of news (and change) through the end of Q1 and into the start of Q2. And that’s not even counting what is happening in the US, and what could happen as a result of what we’re seeing now. FY25 is going to be a year of great uncertainty. It’s important to remember your plan.

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