Philippine S&P Global Manufacturing PMI (Feb) 54.6 (Prev. 52.9)
The Philippine S&P Global Manufacturing PMI for February came in at 54.6, up from the previous 52.9, indicating stronger expansion in the manufacturing sector.
Goldman Sachs estimates an USD 18/bbl real-time risk premium in crude oil prices and sees impact moderates to + USD 4/bbl if only 50% of Strait of Hormuz flows are impacted for one month
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Realtek Semiconductor (2379 TT) FY (TWD) net income fell 4% Y/Y to 14.8bln, sales rose 8% Y/Y to 122.7bln
Philippine S&P Global Manufacturing PMI (Feb) 54.6 (Prev. 52.9)
Taiwan is to hold an energy security meeting on Tuesday, according to Commercial Times
[MARKET UPDATE] Asia-Pac stocks are pressured with all focus on geopolitics after the US conducted strikes against Iran, which then retaliated against the US and allies in the Gulf
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This swing suggests improved economic momentum, which may have positive implications for overall growth and could influence market sentiment towards the Peso. Traders should watch for potential shifts in monetary policy expectations as a result of this stronger-than-expected performance.
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