Philippine shares may trade cautiously this week as investors await the release of the latest inflation and gross domestic product (GDP) data, while continuing to monitor developments in the Middle East, according to a report by BusinessWorld.
On Friday, the Philippine Stock Exchange index (PSEi) fell by 1.09%, or 69.31 points, to close lower, reflecting the cautious mood ahead of the data releases.
Investors are expected to keep a close watch on the inflation print and GDP figures for clues on the state of the domestic economy, which could influence trading sentiment in the coming sessions.