Markets

The Philippine financial markets are entering another week with little room to breathe as the peso hovers near record lows and local stocks brace for another bout of volatility. 

The stock market could be entering a stronger recovery phase after the Philippine Stock Exchange index (PSEi) broke through key resistance levels, with a stable peso adding to optimism that local equities can sustain their recent gains despite inflation concerns and geopolitical risks.

Netflix shares tumbled 7.3 percent on Friday after the streaming giant issued a third-quarter revenue forecast that fell short of Wall Street expectations, overshadowing another quarter of solid earnings and steady subscriber engagement.

The Philippine initial public offering (IPO) market remained on the sidelines in the first half of 2026, but upcoming regulatory reforms and a pipeline of marquee listings could set the stage for a long-awaited rebound in the country's capital markets.

Philippine shares are expected to trade cautiously in the coming weeks as the second-quarter earnings season begins, shifting investors' focus from recent market gains to whether corporate profits can withstand persistent inflation, the prospect of further monetary tightening, and rising geopolitical risks.