PSE players advised to tread carefully

CAUTION is the watchword for the Philippine equities market this week, according to analysts, due to uncertainties about key overseas indicators due later in the week and selling pressure from market price levels.

Among the developments that will be closely watched in the days ahead are possible actions from the Bank of England. The research arm of investment consulting firm 2tradeasia.com noted, “Given other stimulus efforts already implemented, the Bank of England (BoE) will announce on July 14 [Thursday] its decision whether it will cut policy rates in the wake of UK’s vote to leave the European Union (EU).”