US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Philippine Economic Growth Slows to 5.2% in Q3, Misses Forecasts
The Philippine economy grew 5.2% year-on-year in the third quarter, as reported by the National Statistics Agency on Thursday. This growth rate fell below economists' forecasts, who had anticipated a 5.7% rise according to a Reuters poll. The latest quarterly growth also marked a slowdown from the revised 6.4% growth reported in the second quarter.
Quarterly Performance Shows Resilience
Despite the year-on-year slowdown, the economy displayed resilience in quarter-on-quarter performance. Gross domestic product (GDP) rose 1.7% between July and September, surpassing analysts’ expectations of a 1.5% increase and improving upon the previous quarter’s modest 0.5% growth.
Government Target Under Pressure
The Philippine government has set a full-year GDP growth target of 6.0% to 7.0%. However, achieving this goal could prove challenging, as economic expansion continues to face headwinds from both domestic and global factors.
Economic Outlook
While the third quarter results underscore economic resilience, missing growth targets raises questions about the economy's momentum heading into the final quarter. Factors such as inflationary pressures and global uncertainties may influence the government's ability to reach its ambitious growth target.
