Bright Morning - 04 June 2026

Bringing the latest market news closer to you.

Macroeconomy

• US private hiring picked up in May signaling a steady labor market. Companies added 122,000 jobs, up from 105,000 in April and above the 110,000 estimate. It was the strongest gain since January 2025. April payrolls were revised down by 4,000, with hiring gains broadening across sectors overall.
• President Marcos approved the 2026 Strategic Investment Priority Plan, which identifies industries and technologies for incentives and investment promotion. The plan mentions artificial intelligence, data science, cybersecurity, quantum technologies, and nuclear energy as its high-priority innovation sectors for growth in the years ahead.

Fixed Income

• Peso government bond yields were mixed with 5 and 10Y bonds lower by 3-4 bps while rest of the curve was higher by 3-10bps. Interest was skewed towards better selling as DM bond yields and oil were higher on the day.
• US Treasury yields were higher by 1-5 bps as oil rose on news of strikes between US-Iran, which dampened hopes on a peace deal. ADP employment change also beat market estimates at 122k vs. 120k, further adding to the upside bias in yields.

Equities

• Global equities fell 0.58% as oil prices moved higher amid concerns of the US-Iran conflict could keep inflation elevated.
• The PSEi followed up on its rebound for a second straight day, up 0.68% to close at 5,953 pts as net foreign buying surge lifted heavyweight names such as ICT (+5.42%) and BDO. (+5.10%)

Bright Idea: Volatile markets mean idle US dollars in savings may lose potential value. The SLIMTC USD Multi-Class Money Market Global Fund of Funds offers competitive yields compared to standard bank deposits, allowing your cash to grow and available for future investment opportunities.
 

Daily Market Movements