Bright Morning - 13 August 2026

Bringing the latest market news closer to you.

Macroeconomy

• A key inflation reading Wednesday showed prices moderating across a range of goods and services, possibly taking the urgency out of an imminent interest rate hike. On an annual basis, the inflation rates were 3.4% and 2.5% for headline and core, respectively.
• Former Finance Secretary Benjamin E. Diokno warned that the proposed P7.2-trillion national budget for 2027 will be exceptionally tight, constraining government flexibility as economic growth slows and borrowing costs escalate.

Fixed Income

• Peso yields were sideways as elevated oil prices and US dollar yields reduced appetite for duration.
• US Treasury yields were 1-2 bps lower with the front-end outperforming. The in-line CPI print tempered rate hike expectations for the year.

Equities

• Global equities rose 0.34% as softer-than-expected inflation pressures reinforced expectations of steady interest rates while improving risk sentiment supported gains.
• The PSEi climbed 0.63% to close at 6,367 pts yesterday, as the market accumulated select earnings-backed names while remaining broadly cautious on the macro outlook.

Daily Market Movements