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The Philippine Stock Exchange index rose 1.46%, while the peso strengthened by 56.5 centavos to close at 62.97 per dollar. The report attributes the moves partly to lower global oil prices and expectations that Democratic control of Congress would increase scrutiny of US policy, including the war against Iran.
Lower oil prices can reduce the Philippines’ import bill and inflation pressures, and a stronger peso can further lower import costs. The reported oil-price decline is bearish for crude benchmarks, though the story primarily covers Philippine financial markets.
tribune.net.phMico VirataNov 5, 2026After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
