Stocks slide on inflation, Ukraine concernsGlobal stocks nosedived last week after a hotter-than-expected US inflation was reported. Fears of a Russian attack on Ukraine further dampened risk sentiment after President Joe Biden urged US citizens to leave Ukraine immediately after NATO warned of Russian live-fire drills in Belarus. Worst start since 2008Soaring inflation and a more hawkish Fed have dragged down stock indices in the US and developed markets this year. Bright spots in EMWhile developed markets have been struggling this year, some emerging market regions have diverged and rebounded. Resilient PSE IndexThe PSE index (+2.1 percent YTD) has been relatively resilient this year and has diverged from the weakness in the US and developed markets.

Source: Philippine Star February 14, 2022 02:58 UTC