<p><span data-teams="true"><strong>GLOBAL: US President Donald Trump said Washington does not need an agreement with Tehran, signaling a potential wind-down of diplomatic efforts as he removed Vice President JD Vance from the negotiations.</strong></span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;Oil prices and US Treasury yields rose</strong> after President Trump said the US does not need an agreement with Iran.</span></p>

<p><span data-teams="true"><strong>A comprehensive agreement appears unlikely in the near term</strong>, as the US and Iran remain divided over key conditions. Nevertheless, mediators are expected to continue efforts to revive indirect talks.</span></p>

<p><span data-teams="true"><strong>LOCAL: Approved foreign investment commitments jumped by 125.3% year-on-year (YoY) to PHP 166.03 billion in the third quarter, with manufacturing drawing the biggest share.&nbsp;&nbsp;</strong></span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;The PSEi extended its decline as economic concerns intensified.</strong> Meanwhile, the USD/PHP climbed on broad-based US dollar strength.</span></p>

<p><span data-teams="true"><strong>The Philippine Statistics Authority said that investments are expected to generate 27,799 jobs,</strong> a slight dip of 0.2% YoY. Geopolitical tensions and higher energy costs could affect the timing of new commitments.</span></p>