Finance Friday

Ranora Daily - Your daily source for reliable market analysis and news.

May 19, 2023

Market Data

Local

Global

*Data as of 6pm WAT

Market News

Local

Global

Weekly Investment Watchlist

The Week Ahead:

  • Monday: US NY Empire manufacturing comes in at -31.8; est: -4.0.

  • Tuesday: Retail sales, industrial & manufacturing production, business inventories, NAHB housing market index

  • Wednesday: US housing starts for April comes in at 2.2% up to 1.4m; est -1.4%.

  • Thursday: US existing home sales fell -3.4% MoM, now at a 4.28m rate, US jobless claims come in at 242k; est 254k.

  • Friday: Powell speech

Investment Tip of The Day

Fees and expenses can eat into your investment returns over time, so it's important to be mindful of them when managing your portfolio. Look for low-cost investment options such as index funds and exchange-traded funds (ETFs), and consider using a fee-only financial advisor who charges a flat rate rather than taking a percentage of your assets.

Meme of the Day

Disclaimer: The information contained in this report is intended for informational purposes only and should not be considered as investment advice. The information is obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed.