LOCAL stocks are expected to trade higher this week on continued optimism over the US Federal Reserve’s decision to keep interest rates near zero and as investors adjust their positions ahead of the third-quarter earnings season.

Jason Escartin of F. Yap Securities Inc. said that aside from the positive effect of the Fed decision on sentiment, investors will be seeking out stocks that promise higher returns on their portfolio, resulting in a “revisit” of companies’ capital expenditure rollout.

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