Your Morning Fix

• The Philippine government is optimistic about negotiating a lower US tariff rate before the August 1 deadline, as President Ferdinand Marcos Jr. prepares for talks in Washington.
• Philippine Stock Exchange President and CEO Ramon Monzon said capital raising is seen to reach PHP 186.3 billion this year, with PHP 123.7 billion expected to be secured in the second half.
• The Bureau of the Treasury said subsidies to government-owned and -controlled corporations in May dropped by 18.73% year-on-year and fell 45.57% month-on-month to PHP 7.92 billion.
• Britain’s economy contracted for a second straight month in May. It shrank by 0.1% following a 0.3% drop in April.
• Canada’s unemployment rate dipped to 6.9% in June, driven by unexpected job gains in wholesale and retail trade, manufacturing, healthcare, and social assistance sector.