S&P 500 EPS growth is expected to come in at 4.8% for Q2, which would be the lowest growth rate since Q4 2023.

Finance Secretary Ralph Recto expressed optimism that the Philippine economy performed better in the second quarter compared to the first, but said full-year growth may still settle below six percent.

China reported a better-than-expected economic growth as the world’s second largest economy took advantage of a trade truce with the US amid President Donald Trump’s tariff offensive.