Investors will pay close attention to the release of April inflation data which is projected to be 0.83% MoM or 3.34% YoY, in line with rising prices for a number of commodities such as cooking oil. Meanwhile, 1Q22 GDP is projected -0.93% QoQ or 5% YoY, or lower than the previous period, as the government imposed activity restrictions in February, due to the surge in the Omicron variant of Covid-19. On the global side, investors are looking forward to US inflation data, after having recorded a high of 1.2% MoM or 8.5% YoY in April 2022.

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