Spot palladium rose about 4% intraday to trade above $1,400/oz.

Philippine authorities are reassessing a planned large five-year bond sale later this month after peso depreciation and higher yields pushed up borrowing costs. The finance minister said the June-designed plan is being reviewed to keep financing flexible amid worsening Middle East tensions; a decision on this month’s auction will be announced shortly. Fund managers in Manila say persistent inflation means the central bank may continue raising rates, leaving investors cautious, delaying entries and potentially reallocating into next year.

WALLER: if August inf data show a reversal of progress, a "small adjustment" to the policy rate would help ensure progress resumes.