Investors await GDP data, US Fed meeting

The stock market could see slight rallies or fall further this week, analysts said, with investors expected to stay at the sidelines as they await news on the economy’s performance last year and the outcome of a US Federal Reserve meeting.

Luis Limlingan, managing director at Regina Capital Development Corp., said that if the 6,000-point level is not breached, the Philippine Stock Exchange Index (PSEi) can expect some gains.