<p><strong>Global stock markets reached record highs and oil prices declined </strong>as a fragile US-Iran truce held, following US declarations that the offensive phase of the conflict has officially concluded.</p>

<p><strong>Fresh US economic data revealed a stable labor market</strong> as job openings and hiring rates remain steady despite a widening trade deficit driven by increased petroleum imports and exports.&nbsp;</p>

<p><strong>Philippine inflation surged to a three-year high in April at 7.2% year-on-year</strong>, driven by rising costs in essential commodities and energy, marking a significant acceleration that surpassed market expectations.&nbsp;</p>

<p><strong>The Bangko Sentral ng Pilipinas has pledged to take necessary policy actions to stabilize prices after April's inflation rate exceeded projections, </strong>signaling possibly more aggressive monetary policy tightening.&nbsp;</p>

<p><strong>The Philippine peso strengthened to 61.55 against the US dollar</strong> as the recent spike in inflation data fueled investor expectations of interest rate hikes to curb rising consumer prices.&nbsp;</p>