Your Morning Fix

• US durable goods orders decreased 0.8% month-on-month in September, mirroring a similar decline in August but surpassing the -1% consensus, as orders for transportation equipment dropped by 3.1% amid the Boeing strike.
• Brent crude futures dropped by USD 3.89 or 5.1% to USD 72.16 a barrel while West Texas Intermediate crude is down by USD 3.76 or 5.2% to USD 68.02 a barrel after the Israeli strike on Iran over the weekend did not disrupt energy supplies.
• The yen tumbled to a three-month low at 153.12 and Japanese stocks are expected to fall on Monday following the loss of Prime Minister Shigeru Ishiba’s coalition on the parliamentary majority, increasing uncertainty over Japan’s economy.
• The Philippine total gross borrowings soared in September to PHP 367.18 billion from PHP 174.03 billion in the preceding month and PHP 103.25 billion the same month last year, increasing by 110.99% month-on-month and 255.64% year-on-year as external debt surged amid the recent dollar bond issuance.
• The Philippine Stock Exchange index (PSEi) rose by 0.2% or 15.4 points to 7,415.73 on Friday, while the broader all shares index went up by 0.13% or 5.28 points to 4,081.52. Philippine stocks are expected to climb further this week ahead of third quarter earnings and bets of more interest rate cuts.