AGP Executive Report
Last update: 5 hours agoPhilippines Markets: The PSEi slid 0.8% to 5,956.33, dipping below 6,000 as investors braced for more BSP tightening and weaker growth forecasts; the peso also hit a fresh record low, adding pressure. Housing Pulse (US): Delaware’s July market showed broad momentum with sales up 9%, median sold price up 4.96%, and active inventory up 12%—more choice, but pending sales fell 7%. Housing Pulse (US): Alabama also saw a hotter pace, with July home sales up 19.8% and prices up 19.6%, raising affordability concerns. New Zealand Retail & Travel: Hobby/RC demand stayed resilient, with NZ’s toys & hobby market forecast to grow to about US$788.4m by 2028; meanwhile, van rentals are rising alongside group travel and visitor arrivals. Prediction Markets Clash: Kentucky sued Kalshi over sports contracts, while courts and regulators in the US and Canada keep tightening the rules; Polymarket withdrew a Mahomes-related contract after CFTC guidance. Fed Watch via Jobs: The US labor market benchmark was revised down by 79,000 jobs, keeping investors focused on what the next jobs print means for rates. Energy/Geopolitics: Oil flows through the Strait of Hormuz are gradually rising but remain far below pre-war levels, keeping supply-risk pricing in play.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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