PSEi to drift to 6,800 on GDP data, US uncertainty

Share prices are expected to go further south this week to drive the benchmark index to as low as the 6,800-point levels given uncertainty on the direction of US foreign policy under the Trump administration, and ahead of the release of the Philippine gross domestic product (GDP) data this week.

“We expect the PSEi to track the international markets again as global investors look for more clarity regarding US President-elect [Donald] Trump’s policies. Investors will also monitor local developments, especially the release of third-quarter GDP growth figures,” BPI Asset Management said.