Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Fall in energy prices, Norway's top exports is taking heavy toll in overall a manufacturing, extraction and mining sector. This slowdown is likely to worsen outlook for the country and its job market. Norway notably withdrew some funds form its sovereign wealth fund to plug the gap in budget deficit.
- Overall production is down -3% in October from a year ago. Mining and quarrying down -12.9% from a year ago.
- Ships, boats and oil platform manufacturing suffered worst drop of -26.1% y/y, followed by machinery and equipment by -13.8%. Refined petrochemicals' production is still up 4.4% from a year ago but down -6.3% from September.
- Basic metal production is down close to -7% from last year.
After OPEC's decision last week to scrap the ceiling, is likely to worsen scenarios for Norway. Expect further easing from Norway, as lot of scope exits, since interest rate is at 0.75%.
Norwegian Krone is down by 1.4% today, trading at 8.623 per Dollar.
