Finance Friday

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

Data

Local

Global

*Data as of 4pm WAT

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News

Local

• House of Reps Orders CBN to Suspend Cybersecurity Levy Implementation

• Access Bank Partners Mastercard to Expand Cross-border Payments, Boost Financial Inclusion across Africa

• FG mulls telecom tariff increase

• Q1 foreign debt servicing gulped $1bn – CBN

• IMF Lauds CBN’s Bank Recapitalisation Policy, Projects 24% Inflation By Year-end

• CBN mandates banks to comply with FX reforms

• IMF cautions FG against CBN Act amendment

Global

• Wall St gains ahead of Fed officials' remarks; Dow nears 40,000 mark

• UK exits recession with fastest growth in nearly three years

• Europe's Stoxx 600 peaks; Barclays analysts note lift from "solid" earnings season

• Gold prices rise, set for weekly gains after weak US labor data dents yields

• Treasury yields rise as traders digest latest U.S. unemployment data, bond auction

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Events

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Investment Tip of The Day

In the investment world, staying informed about market trends, economic indicators, and financial news is crucial. However, it's equally important not to overreact to short-term market fluctuations and news events. Frequent trading based on the latest news can lead to higher transaction costs and tax liabilities, potentially eroding your investment returns. Instead, maintain a long-term perspective and make informed decisions that align with your investment strategy.

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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.

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