Trading Tuesday

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

May 30, 2023

Market Data

Local

Global

*Data as of 6pm WAT

Market News

Local

Global

Weekly Investment Watchlist

Market Commentary

Asia and Australia

  • Japan's unemployment rate falls for the first time in three months, boding well for wage growth

  • Hong Kong banks borrow the largest amount of short-term cash from HKMA's discount window since Jan-2021

  • Australian building approvals drop to lowest in 11 years

Europe, Middle East, Africa

  • Spanish inflation slowed more than expected to nearly a two-year low in May

  • Eurozone M3 money supply growth continued to trend lower in April, up 1.9% y/y versus consensus 2.1% and prior 2.5% gain

  • Eurozone sees further signs of a slowdown in credit creation, with loans to households up 2.5% versus the prior 2.9%, while loans to non-financial firms at 4.6% from 5.2%.

The Americas

  • White House and GOP leaders confident they have enough votes to pass debt ceiling agreement

  • Wall Street lenders return to funding leveraged buyouts after a painful year in which fees were hit hard

The Week Ahead:

  • Monday - Markets Closed

  • Tuesday

    • 9:00 am S&P Case-Shiller home price index (20 cities)

    • 10:00 am Consumer confidence

  • Wednesday

    • 8:15 am ADP employment

    • 10:00 am Job openings

  • Thursday

    • 8:30 am Initial jobless claims

    • 8:30 am U.S. productivity

    • 9:45 am IS&P U.S. manufacturing PMI

    • 10:00 am ISM manufacturing

  • Friday

    • 8:30 am U.S. employment report

    • 8:30 am U.S. unemployment rate

    • 8:30 am U.S. hourly wages

    • 8:30 am Hourly wages year over year

Investment Tip of The Day

Inflation erodes the purchasing power of your money over time. Factor in the impact of inflation when setting your investment goals and aim for returns that outpace inflation to maintain your wealth.

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.