Stock index seen to vault to 8,500 on easing inflationMANILA, Philippines — The benchmark Philippine Stock Exchange Index (PSEi) is projected to reach the 8,500 mark by year-end, driven by slowing inflation and more accommodative government policies, a leading stockbrokerage said. “The assumption that the PSEi would reach 8,500 is based upon first, the slowdown in inflation,” Philstocks Financial Inc. senior research analyst Japhet Tantiangco told reporters. Inflation eased to 2.7 percent in June, the lowest since hitting 2.6 percent in September 2017, according to the Philippine Statistics Authority. Tantiangco said slower inflation coupled with accommodative fiscal and monetary policies is seen to drive the PSEi higher. Despite decelerating inflation, Philstocks said the economy still faces some challenges in the horizon.

Source: Philippine Star July 05, 2019 16:00 UTC