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October 12, 2026

Your Morning Fix

<p><span data-teams="true"><strong>GLOBAL: Saudi Arabia is bracing for a significant escalation&nbsp;after Yemen’s Houthi rebels launched back-to-back attacks on Saudi Arabia’s main airport over the weekend.</strong></span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;Oil and the US dollar rose on Middle East geopolitical tensions</strong>, while stocks gained as earnings season begins.</span></p>

<p><span data-teams="true"><strong>The strikes threaten to widen the scope of the war into a broader regional confrontation</strong>, with US President Donald Trump saying Washington is evaluating military intervention.</span></p>

<p><span data-teams="true"><strong>LOCAL: Transactions on foreign investments registered with the BSP yielded a net outflow of USD 315.41 million in August, reflecting geopolitical uncertainties and peso weakness.&nbsp;</strong></span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;The PSEi rebounded from oversold levels,</strong> while the peso strengthened after President Trump assured the US would not strike Iran before the midterms.</span></p>

<p><span data-teams="true"><strong>Persistent global pressures could keep hot money flows erratic in the coming months</strong>, particularly if the Middle East conflict drags on.</span></p>

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