Bright Morning - 18 June 2026

Bringing the latest market news closer to you.

Macroeconomy

• From famine to feast: The Iran war's oil shock dented global crude demand - but a lasting resolution to the conflict could surge supply and trigger a major oil overhang next year. Consequently, the International Energy Agency (IEA) slashed its 2026 demand outlook to 1.1 million barrels a day year-over-year.
• The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1236, tightening vetting for top financial executives. Outlined in Circular No. 1236, the enhanced policy aims to strengthen the integrity of the Philippine financial system by ensuring that only qualified individuals hold leadership positions.

Fixed Income

• Philippine government securities ended the day as much as +8bps higher amid profit taking interest ahead of crucial monetary policy decisions from the Bangko Sentral ng Pilipinas and global central banks.
• US Treasury yields rose, led by short-dated maturities underperforming post-FOMC. While the Fed held policy rates steady, it delivered a hawkish revision to economic forecasts. This caused the policy-sensitive 2-year yield to surge by as much as +15

Equities

• Global equities fell -0.64% as sentiment weakened amid hawkish US Fed signals pointing to potential rate hikes this year.
• The PSEi steepened its correction yesterday, down -2.10% to close at 6,115 pts, as heavyweights dragged on the index with investors cautious of the BSP's policy decision later today.

Bright Idea

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Daily Market Movements