US equities had a risk-off session including after the hotter CPI print, whereby S&P and DJI plunged by -5.1%WoW and -4.6%WoW, respectively. Meanwhile MSCI Asia ex-Japan slightly gained by +0.5%WoW as MSCI China rose by +6.1%WoW, the only major market in Asia rising. 

Most equity indexes were closed higher last week with US indexes recovered some of the previous weeks' losses (S&P and DJI up by +2.0% and +1.6% WoW respectively) post the release of inflation data. US PCE index in Apr-22 rose just 0.2% MoM, the smallest monthly increase in a year…

Asian equities recorded a weekly gain with MSCI Asia ex-Japan up by +3.5%WoW, in contrast to US equities that pared losses with S&P and DJI down by respectively -3.0%WoW and -2.9%WoW. With this figure, the relative performance of Asia vs US equities posted the best weekly gain since March-2020. 

Major global indexes booked another losses last Friday with S&P and MSCI Asia ex-Japan down by -2.4% WoW, despite a surge in the US stocks on Friday amid some easing in US long-bond yields. 

Major global indexes booked another losses last Friday with S&P and Dow Jones each down by -3.9% and -2.8% WoW respectively. Gains in the earlier week was wiped out as investors worried about stagflation. 

Major global indexes were closed lower last Thursday with S&P 500 down by -2.4% WoW and MSCI Asia ex-Japan -0.9% WoW as investors continued to focus on inflation with core goods PPI exceeded consensus expectation. 

Major global indexes were closed lower last Friday with S&P and Dow Jones each down by -1.3% and -0.3% WoW respectively as investors continued to digest expectations of the Fed becoming more aggressive in combating high inflation. 

Global indexes were closed mixed last week with S&P 500 up by +0.1% while MSCI Asia ex-Japan was up by +1.7%. While the COVID outbreak in China continues to weigh on consumption and supply chains, the resultant shortfall from the 5.5% growth may well lead to stronger policy support, which…