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Think Thursday
Ranora Daily - Your daily source for reliable market analysis and news.
Market Data
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Global
*Data as of 6pm WAT
Market News
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Weekly Investment Watchlist
Market Commentary
Asia and Australia
Bank Indonesia (BI) kept its 7D reverse repo rate unchanged at 5.75% for the fifth consecutive month.
China's Economic Daily commented recent yuan depreciation, attributing it zto the "result of market mechanism" and said it is highly probable yuan will appreciate against the dollar in H2.
China has begun a fresh round of nationwide inspections to assess the size of local government debt, coming as a sign that authorities are preparing to take concrete steps to tackle a key financial risk.
BOJ's Noguchi says guidance tweak still indicates a strong commitment to easing.
Record Number of European Firms Report Declining China Revenue in 2022.
Europe, Middle East, Africa
ECB Executive Board member Schnabel, a known hawk, said German inflation is being driven by profits and wages.
Ukraine energy minister Galushchenko warned that Russia could shut one of the last arteries carrying gas to Europe by the end of next year.
UK PM Sunak's hope for a pre-election tax cut is fading after national debt breached 100% of GDP for the first time since 1961 in data published Wednesday.
The Americas
Total US short interest surpasses $1T even as paper losses on positions top $100B, according to Bloomberg.
The number of active home listings hit a record low in May, according to Redfin
Investment Tip of The Day
Consider long-term trends. Identify long-term trends that could shape the future economy and investment landscape. Examples include demographic shifts, technological advancements, and changing consumer preferences. Position your portfolio to benefit from these trends.
Meme of the Day
