Dear Subscriber, Presently, the PSE is moving sideways. Without a proper catalyst, the 8000 resistance level will be on the waiting list. Now what do we need to look forward to: 1. Duterte and China 🇨🇳 talking on moving forward with gas exploration in the south Philippines 🇵🇭 sea. 2. America and China trade talks with postponing the tariff increase for 15days. A prolonged trade war like this is not good for the economy but both country are coming up with a temporary / band aid solution thru the limited trade agreement. 3. European Central Bank move towards an lower than zero interest rate adding to the proposed quantitative easing. They are opted to buying bonds from the rest of the euro banks. If this is not done properly and cautiously, it might have detrimental effect on the euro. Hopefully this will translate to a robust equity interest toward emerging markets. Question is why did Duetch Bank cut down on their participation in the international equity markets? They lay off massive amounts of the employee in the process. Do they know something we don't? 4. National budget transitioning from an obligation base to a cash-based hence hoping this will utilize the national budget efficiently. 5. Dominguez urges the SSS investment to improve yields. It reflects the subpar yields by the SSS investment team hence might have a big challenge in sustainability. 6. Hanjin's creditors are in talks with Razon's ICT toward acquiring some assets of the company. If there will be a successful acquisition, local banks affected by the loan default might see a boost to their PV. 7. Meralco awarded 10 years and 5 years electric supplier contract to assure a sustainable and lower cost of electricity for consumers. Good luck and God bless