<p><span data-teams="true">GLOBAL: US President Donald Trump’s approval rating has plummeted to a record low of 31%, <strong>reflecting growing public frustration with economic struggles linked to geopolitical conflict.&nbsp;</strong></span></p>

<p><span data-teams="true"><strong>Market impact: US equities and Treasury yields advanced </strong>amid a resurgence in AI-related momentum.&nbsp;</span></p>

<p><span data-teams="true"><strong>A separate survey found that if an election were held today, 55% of voters would vote Democratic,</strong> signaling massive political headwinds for Republicans.</span></p>

<p><span data-teams="true"><strong>LOCAL: The Philippines’ balance of payments (BoP) deficit ballooned to USD 3.144 billion in September, driven by a wider trade gap along with higher import costs.&nbsp;</strong></span></p>

<p><span data-teams="true"><strong>Market impact: The PSEi rose for a third day on lower oil prices, though rising rate expectations pushed bond yields higher. </strong>The peso weakened to a new record low amid broad dollar strength.</span></p>

<p><span data-teams="true"><strong>The Bangko Sentral ng Pilipinas projects the country’s BoP position to end the year with a USD 9.2-billion deficit,</strong> equivalent to -1.8% of gross domestic product (GDP).</span></p>