<p><span data-teams="true"><strong>GLOBAL: Ukraine was targeted in a renewed missile attack, just hours after Russian officials indicated a willingness to resume three-way talks involving Ukraine, Russia, and the US.</strong></span></p>

<p><span data-teams="true"><strong>Market impact: US equities advanced on tech strength,</strong> while the dollar declined alongside oil and Treasury yields.</span></p>

<p><span data-teams="true"><strong>Russia hinted that renewed discussions could commence around November 10 in the UAE.</strong> The proposed talks are aimed at addressing security guarantees in a post-war scenario.</span></p>

<p><span data-teams="true"><strong>LOCAL: Construction projects covered by local government permits dropped by 31% year-on-year to 10,968 amid higher construction costs and economic uncertainty.&nbsp;</strong></span></p>

<p><span data-teams="true"><strong>Market impact: The PSEi advanced ahead of the BSP’s interest rate decision,</strong> while the peso fell to its 34th record low in 2026, pressured by rising interest rate expectations.</span></p>

<p><span data-teams="true"><strong>Construction activity will likely stay uneven </strong>as stakeholders balance rising project costs and shifting consumer demand before committing capital to new developments.</span></p>