<p><span data-teams="true"><strong>GLOBAL: Following the midterm elections, Democrats are set to take control of both the House and the Senate</strong>, influenced by domestic economic concerns and geopolitical crises.&nbsp;</span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;US equities advanced, Treasury yields moderated, and the dollar weakened</strong> after the midterm elections amid a decline in crude oil prices.</span><br>&nbsp;</p>

<p><span data-teams="true"><strong>House Democrats have signaled that their immediate focus will be lowering the costs of groceries and gasoline</strong>, along with reversing cuts to the Affordable Care Act and Medicaid.&nbsp;</span></p>

<p><span data-teams="true"><strong>LOCAL: Moody’s Ratings projects infrastructure spending to hover below 5% of GDP</strong>, constrained by weak investor sentiment and the lingering effects of global economic shocks.</span></p>

<p><span data-teams="true"><strong>Market impact:</strong> </span><span style="font-size:inherit;"><span data-teams="true"><strong>The PSEi recovered on bargain hunting, while the peso softened</strong></span></span><span data-teams="true"> ahead of October inflation data.</span></p>

<p><span data-teams="true"><strong>Moody’s anticipates a broader recovery in public infrastructure investment once global energy markets stabilize</strong> and the immediate external macroeconomic pressures begin to fade.</span></p>