Your Morning Fix

• The Philippines posted a USD 706-million balance of payments surplus in October, reversing last year’s deficit and helping narrow the external gap for the first 10 months of 2025.
• The Philippine government has generated nearly PHP 7 billion in revenue since June from the new 12% digital services VAT, easing fiscal pressures amid slower growth and a corruption probe.
• The Philippine peso slid to PHP 59.065 per dollar on Thursday, as diminished US Fed rate‑cut hopes pressured the currency and reduced trading volumes.
• US job growth picked up in September, but the unemployment rate climbed to a four‑year high of 4.4% as tariffs and AI adoption weighed on hiring.
• Wall Street ended lower Thursday as fading US Fed easing hopes and renewed concerns over pricey tech stocks weighed on all three major US stock indexes.