🇵🇭Philippine Markets Under Pressure: Energy Shock Drives Stocks, Peso and Inflation

DescriptionLast week, Philippine financial markets were driven by a sharp external shock: an emerging energy crisis linked to escalating tensions in the Middle East.Following the government’s declaration of a national energy emergency, concerns over fuel supply and rising oil prices triggered a broad market reaction. The PSE index fell below the key 6,000 level, the peso weakened beyond 60 per US dollar, and inflation expectations were revised upward.In this episode, we unpack how a single external shock — energy — is now feeding through the entire macro system:• Why equities are under pressure• What the peso weakness really signals• The implications of inflation rising above target• The structural vulnerability of energy import dependence• Key technical levels and market scenariosThis is not just a short-term market move, but a reflection of deeper structural risks facing import-dependent economies.