The week ahead

Today is the 202nd day of 2025. July is 68% done, and the year is 53% gone. The PSEi fell nearly 2.5% last week, but is still range-bound (for the time being) between the support at 6,200 and the resistance at 6,700.

> PH:  The Filinvest Development [FDC 4.97 ?3.1%; 47% avgVol] preferred shares sale starts today. It will carry through to July 31. That’s it!

> International:  On Wednesday, we’ll get some remarks from US Federal Reserve Chairman Jerome Powell that could give some insight into how he plans to navigate this period of intense pressure from Donald Trump to lower interest rates.

  MB BOTTOM-LINE:  This is another one of those weeks that is light on schedule but heavy on significance. The President will give his State of the Nation Address (SONA) on Monday, so we could get some intense action around DigiPlus [PLUS 22.60 ?15.7%; 388% avgVol] and Bloomberry [BLOOM 4.45 ?10.4%; 80% avgVol] as investors try to price the risk of a potential “surprise” ban delivered through the SONA (like what happened with POGOs) or some direction/certainty on the potential scope of whatever regulation might be in store. 
 

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