Global Stocks pulled back as consumer spending slowed down.
Philippine Stocks retreated on profit taking after surging the past weeks.
Philippine Bond Yields moved lower as investors expected inflation to have peaked.
FWD Guidance: Uncertainty leads to downside risks, but diversification and a long-term investment horizon still provide the best chance for financial success.
Sources: (1) https://www.cnbc.com/2022/12/07/china-eases-covid-restrictions-on-travel-and-production.html (2) https://www.cnbc.com/2022/12/07/wells-fargo-bofa-ceos-say-consumer-demand-is-cooling-recession-looms.html (3) https://www.cnbc.com/2022/12/06/recession-walmart-jpmorgan-gm-ceos-talk-about-possible-slowdown.html (4) https://www.bworldonline.com/top-stories/2022/12/08/491753/jobless-rate-back-to-pre-pandemic-level/ (5) https://www.bworldonline.com/top-stories/2022/12/08/491756/factory-output-rises-for-5th-month-in-a-row/ (6) https://www.bworldonline.com/stock-market/2022/12/07/491734/psei-drops-on-profit-taking-wall-streets-decline/ (7) https://www.rappler.com/business/inflation-rate-philippines-november-2022/ (8) https://www.philstar.com/business/2022/12/07/2229011/full-award-t-bonds-rates-drop
Disclaimer: The purpose of this article is to inform and should not be taken as an advice or offer to purchase securities. Seek professional advice before making a decision based on this presentation. Information given does not represent the views of FWD and its agents and employees.