Geopolitical tensions weigh on Philippine stock market outlook

Geopolitical risks are impacting global markets, with the Philippine Stock Exchange Index (PSEi) expected to face challenges this week. The index closed at 6,780.13, up 1.55% week-on-week, but tensions between Russia and Ukraine led to losses by Friday. The PSEi's decline to 6,100 earlier this year was linked to escalating conflicts. Analysts note that inflation and geopolitical issues are affecting central bank policies, which may slow down previously planned rate cuts. Despite these challenges, the Philippine economy is projected to grow around 6% next year, potentially improving corporate outlooks. Analysts believe earnings are meeting expectations, and there is still potential for positive returns in the medium term.