The week ahead

> PH:  This week is all about the Citicore Renewable Energy [CREC] IPO. The offer period starts today (Monday) and runs through this Friday. There are also a lot of stockholders’ meetings for various companies this week, but they’re more weighted toward the end of the week.

> International:  Friday morning we’ll get the initial jobless claims data from the US.

MB BOTTOM-LINE: Investors get a break from the macro stuff this week and get a chance to focus on the PSE, their own portfolios, or other pressing issues in their lives. June is going to be a big month, so count this last week of May as something of a calm-before-the-storm situation. It’s wild to say, but Q2 is drawing to a close and we’re almost at the halfway mark on FY24. It feels like the market has spent the year waiting for rates to come down. 
 

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