Your Morning Fix

• Wall Street’s main indexes were mixed on Thursday, after a hotter-than-expected producer prices report dampened expectations of potential interest-rate cuts.
• The US producer price index for final demand jumped 0.9% last month, the largest advance since June 2022, driven by a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent.
• The BSP ordered all electronic wallets (e-wallets), banks and other supervised institutions to remove in-app gambling assets, including any links that direct users to gaming or gambling websites.
• The value of foreign commitments approved by investment promotion agencies in the Philippines reached PHP 67.38 billion in the April-to-June period, down from the revised PHP 189.5 billion in the same period in 2024.
• New vehicle sales fell by 2.6% to 38,295 units in July from 39,331 units in the same month a year ago, as bad weather disrupted retail operations, CAMPI-TMA’s report showed.