PH: While we had the OceanaGold PH [OGP 12.50, down 6.2%; 100% avgVol] IPO yesterday, the biggest waves will be made on Thursday when the Bangko Sentral ng Pilipinas (BSP) meets to evaluate our interest rate situation. The Union Bank [UBP 34.60, down 6.0%; 83% avgVol] stock r ights offer period will also start on Thursday
International: The only datapoint that I’m following for this week is the US April inflation report, which we should get early Thursday morning.
MB bottom-line: The inflation metagame is where my mind’s at these days, and that’s all about inflation expectations. Not so much where inflation “is”, but where people (and companies) think inflation “will be” in the future. Inflation expectations matter because they can cause dramatic changes. For individuals, expectations of higher inflation can lead to changes in purchasing behavior and higher wage demands. For corporations, expectations of higher inflation can cause companies to increase their prices. I think you can see why the US Federal Reserve and the BSP are most afraid of these expectations; they’re something of a self-fulfilling prophecy. There should be a lot of analysis to consume on this point after the US CPI report is out on Thursday morning.
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MANILA, Philippines — In daily life, modern plumbing plays a pivotal role, facilitated by a commitment to innovation and the use of high-quality materials, ensuring longevity and reliability, ultimately leading to reduced maintenance costs and dependable performance.
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Visit MIE Oro Plast’s showrooms in Luzon and Mindanao: Manila: 1022 Morong Street, Malinta, Valenzuela City CDO: #68 J.V Seriña Street, Carmen, Cagayan de Oro City, Philippines For inquiries or to get in touch with MIE Oro Plast Corp, you can contact them through their website at www.mieoroplast.ph. You may also reach out to them via their Facebook Page, MIE Oro Plast Corp. 8967-1030 | 0961-898-0501 | 0997-167-5044 [email protected]