April 27, 2026

Bright Mornings - 27 Apr 2026

Bringing the latest market news closer to you.

 

Macroeconomy

  • Kevin Warsh, the current Fed Chair nominee of Pres. Trump, has cleared a path to a floor vote in the US Senate after a senior Republican senator now will vote to pass him in committee. This is a key win for the Trump Administration, which expected Warsh's nomination process to be drawn out.
  • Business confidence at 25-year lows. That's the results of the latest Business Sentiment Survey of the BSP. The cause for pessimism is the continuing conflict in the Gulf that has affected oil, fertilizer and other supply lines. Second quarter expectation is also equally pessimistic as the situation in the Gulf is seen to be prolonged.

 

Fixed Income

  • PHP government bond yields ended the day 2-7 bps higher with short maturities underperforming post-BSP rate hike.
  • US Treasury yields ended the day 2-5bp lower after the DOJ dropped its probe on the Federal Resereve, opening the way for Kevin Warsh's appointment as Fed Chair. Optimism over US-Iran talks further added support.

 

Equities

  • Global equities rose on Friday driven by ​optimism over AI demand and robust first-quarter earnings ‌from some major U.S. banks.
  • The PSEi closed the week on a negative note, down 0.93% week-on-week to 5,943 points as risks on oil supply and prices remained the focus of investor caution. 

 

Bright Idea: Consider positioning in global funds with significant US exposure as first quarter

 

2026 corporate earnings beatDaily Market Movements

Indicators 27 Apr 2026 Previous Day Daily Change
PSEi
Philippine Equity Index		 5,943 5,984 -0.67%
NASDAQ
Tech Focused US Index		 27,304 26,783 1.95%
MSCI ACWI
Global Equity Index		 1,072 1,067 0.46%
S&P500
US Equity Index		 7,165 7,108 0.80%
PH Bond (10-Year) 6.80% 6.70% 9 bps
US Treasury Bond (10-Year)   4.30% 4.32% -2 bps
USD / PHP 60.700 60.480 -0.36%

Disclaimer. Sun Life Investment Management and Trust Corporation (SLIMTC) makes no representation as to the accuracy or completeness of the information contained herein. The information contained in this presentation is for information purposes only. It is not intended to provide professional, investment or any other type of advice or recommendation in relation to purchases or sales of securities whether or not they are related to SLIMTC. It does not take into account the particular investment objectives, financial situation or needs of individual recipients. Any opinions or estimates herein reflect SLIMTC’s judgment as at the date of this material and are subject to change at any time without notice.

The products and services offered by SLIMTC are not covered by the Philippine Deposit Insurance Corporation (PDIC). Any income or loss from the said products and services shall be for the account of the client. SLIMTC is not liable for losses unless upon willful default, bad faith or gross negligence.

This material is for your reference only and does not constitute advice given by SLIMTC. Please review your financial needs depending on your personal situation and objectives. This material is a copyrighted work. You may not share, distribute, revise, transform, or build upon this material without prior written consent of, and proper attribution to SLIMTC. All trademarks are the properties of their respective owners.

SLIMTC is regulated by the Bangko Sentral ng Pilipinas. For concerns, inquiries, or feedback regarding SLIMTC products and services, you may reach us at SUNLINK (+632) 8849-9888) or via email at SLIMTC.Solutions@sunlife.com. You may also contact the BSP Financial Consumer Protection Office at +632-8708-7087 or email consumeraffairs@bsp.gov.ph.