Philippines GDP YY (Q4) 3.0% vs Exp. 3.8% (Prev. 4.0%)
The Philippines' Q4 GDP growth at 3.0% fell short of expectations of 3.8% and a previous reading of 4.0%.
[MARKET ANALYSIS] T-note futures struggle for direction after yesterday's choppy performance and post-FOMC recovery
[MARKET ANALYSIS] Oil prices remain firmer after gaining amid geopolitical risks surrounding Iran
Philippines GDP YY (Q4) 3.0% vs Exp. 3.8% (Prev. 4.0%)
Canon (7751 JT) Executive Vice President Kazuto Ogawa is to become President and COO
PBoC injects CNY 354bln via 7-day reverse repos with the rate at 1.40%
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This miss suggests a potential slowdown in economic activity, which could influence government fiscal policy and expectations for future rate adjustments. It's worth watching how this data impacts investor sentiment towards the Philippine peso and regional equities, particularly against the backdrop of broader global economic conditions.
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