<p><strong>GLOBAL: The Trump administration has proposed tariffs of up to 12.5% on imports from 60 countries, </strong>citing their alleged failure to curb trade in goods produced with forced labor, a claim strongly disputed by US trading partners.&nbsp;</p>

<p><strong>Market Impact: Market sentiment continue to be weighed heavily by ongoing geopolitical tensions.</strong> The US dollar index edged slightly lower, and Wall Street equities ended lower.&nbsp;</p>

<p><strong>Elevated geopolitical risks continue to keep global oil prices elevated,</strong> with the prospect of additional tariffs likely to further exacerbate inflationary pressures across global markets.&nbsp;</p>

<p><strong>LOCAL: According to President Ferdinand Marcos Jr., </strong>the government is considering a supplemental budget and legislative amendments to cushion the impact of oil shocks to the country.&nbsp;</p>

<p><strong>Market Impact: The Philippine Stock Market index rose for a third straight day, </strong>supported by bargain hunting and improved risk appetite. Targeted subsidies for low-income households may help sustain consumption.&nbsp;</p>

<p><strong>Economic growth is still expected to remain subdued, </strong>while inflationary pressures are seen to persist on an upward trajectory despite the government’s fiscal interventions.&nbsp;</p>