Your Morning Fix

• Wall Street closed higher on Tuesday amid investor analysis of consumer sentiment data and optimism about a potentially softer trade policy stance from President Donald Trump, who hinted at a selective enforcement of automobile tariffs.
• Moody’s reported that the US’ fiscal strength is expected to decline over several years due to widening budget deficits and less affordable debt.
• The Bangko Sentral ng Pilipinas (BSP) anticipates a deficit in the balance of payments and a wider current account deficit this year, given global trade uncertainties and geopolitical factors.
• Banks and financial institutions supervised by the BSP reportedly incurred PHP 5.82 billion in losses from cyberattacks in 2024, a 2.6% increase from the previous year, an official said.
• Megawide Construction Corp. is set to offer up to PHP 6 billion in preferred shares from March 26 to April 4 to fund the refinancing Series 4 shares, real estate growth projects, and other general expenses.