<p><span data-teams="true"><strong>GLOBAL: The US Consumer Price Index (CPI) rose by 0.4% month-on-month in October,&nbsp;outpacing forecasts amid higher shelter, food, and energy costs.&nbsp;</strong></span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;US equities declined, Treasury yields advanced, and the US dollar appreciated</strong> following an upside inflation surprise.</span></p>

<p><span data-teams="true"><strong>Headline inflation is expected to ease in the near term</strong> due to lower global oil prices, driven by market optimism regarding diplomatic de-escalation in the Middle East.</span></p>

<p><span data-teams="true"><strong>LOCAL: The Department of Trade and Industry (DTI) said the Philippines and the US are on schedule to finalize the master agreement for the Pax Silica initiative by the end of the year.&nbsp;</strong></span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;The PSEi and the peso jumped following a decline in global crude prices</strong>, which bolstered market sentiment.</span></p>

<p><span data-teams="true">The DTI said <strong>meeting the year-end deadline ensures</strong> that the timeline for the two-year development period of <strong>Pax Silica is still on track</strong>.</span></p>