Post-Fed, markets turn to BSP, Trump policies

THE market appears headed for an upswing this week as investors shift focus toward the political and economic policies of the Trump administration, as well as the Bangko Sentral ng Pilipinas (BSP) policy meeting this week.

Luis Limlingan, managing director of Regina Capital Development Corp., said there is a high possibility trading will be upbeat and “will try to establish firm support at 7,300” as seen from the positive investor reaction to the US Federal Reserve move to raise rates last week.