Global Stocks gained as the US economy shows sign of slowing down.
Philippine Stocks moved higher in line with regional peers.
Philippine Bond Yields increased in the short and long end of the curve while the belly drops.
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/2022/11/21/feds-mester-wants-more-progress-on-inflation-before-ending-interest-rate-hikes.html (2) https://edition.cnn.com/2022/11/21/economy/guangzhou-china-renewed-lockdowns-guangzhou-markets-intl-hnk/index.html (3) https://edition.cnn.com/2022/11/23/economy/weekly-jobless-claims-november/index.html (4) https://www.bworldonline.com/editors-picks/2022/11/23/489002/shares-rise-on-hopes-of-less-aggressive-rate-hikes/ (5) https://www.bworldonline.com/stock-market/2022/11/22/488726/stocks-inch-higher-as-net-foreign-buying-rises/ (6) https://business.inquirer.net/374440/peso-rises-to-strongest-level-in-over-2-months (7) https://www.bworldonline.com/banking-finance/2022/11/23/488742/govt-partially-awards-fresh-20-year-t-bonds/ (8) https://www.bworldonline.com/top-stories/2022/11/23/488849/no-more-jumbo-rate-hikes-medalla/
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.