Equities Outlook: Uphill battle for revaluation
Improvement in inflation numbers in the following quarter, easing forex volatility, and robust earnings may nudge the stock market to regain its footing.
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(Editor’s Note: This outlook is subject to updates as needed.)
Amid strong earnings fundamentals, the 6,900 target for the stock market index remains, says Emuel Olimpo, our equities head. But with the “higher for longer” interest rates, equity prices may struggle to recover.