Bright Morning - 01 July 2026

Bringing the latest market news closer to you.

Macroeconomy

• Oil prices ticked up as traders weighed conflicting reports regarding potential U.S.-Iran talks in Doha. Donald Trump's claim of a Tuesday meeting met an Iranian denial, highlighting the extreme fragility of the interim peace deal struck by both nations earlier this month.
• Worsening climate risks pressure Philippine firms as recurrent flooding erodes productivity and forces relocations. The World Bank urges accelerated investments in resilient infrastructure, energy efficiency, and renewable energy adoption to shield the private sector from intensifying weather disruptions.

Fixed Income

• PHP government bond yields traded sideways due to a lack of local catalysts, with tight ranges expected ahead of next week's inflation data.
• US Treasury yields surged 3-6 bps after strong job openings triggered month-end duration trimming ahead of the critical non-farm payrolls print.

Equities

• Global equities advanced 0.76%, driven by a recovery in technology shares and moderating geopolitical tensions in the Middle East ahead of the quarter-end.
• The PSEi retreated 1.57% on Tuesday, closing at 6,037.17 as overseas geopolitical tensions and a weakening economic outlook dampened investor sentiment.

Daily Market Movements