PSEi Faces Downward Bias Amid Peso Weakness, Inflation Fears

The Philippine Stock Exchange index (PSEi) ended last week on a positive note, rising by 0.35% or 21.18 points to close at 6,090.60.

This comes after easing bets for a September Fed rate hike lifted sentiment across the region, according to COL Financial Group Research Analyst Denise Joaquin.

Investors also digested in-line inflation data, with August inflation easing slightly to 6.1% from 6.2% in July, broadly in line with economists' expectations.

However, for this week, the local bourse could remain under pressure as weak investor sentiment, a depreciating peso, elevated yields, and rising oil prices weigh on the outlook.