<p><strong>GLOBAL: Iran and Israel agreed to pause direct attacks following US President Donald Trump’s appeal,</strong> but Tehran warned it would resume hostilities if Israel continues striking Hezbollah in Lebanon.&nbsp;</p>

<p><strong>Market impact: US stocks rebounded as investor confidence improved,</strong> with the Dow lower by 0.2%, the S&amp;P 500 up 0.3%, and the Nasdaq up 0.9%.&nbsp;</p>

<p><strong>LOCAL: Fresh US-Iran tensions boosted safe-haven demand for the dollar on Monday,</strong> while strong US payrolls reinforced hawkish US Fed expectations and declining Philippine foreign exchange reserves further weighed on the peso.&nbsp;</p>

<p><strong>Market impact: The Philippine peso weakened against the dollar on Monday,</strong> dropping 22 centavos to PHP 61.69, edging close to its record-low close of PHP 61.75.&nbsp;</p>

<p><strong>The peso also opened slightly weaker at PHP 61.495 per dollar on Monday, </strong>trading between a high of PHP 61.48 and a low of PHP 61.735.&nbsp;</p>