Continued weak consumption growth in Q2 to support Norges Bank's rate cut path
May 30, 2016 15:03 pm UTC| Commentary
Norways goods consumption index, which is the main indicator of private consumption of goods in the national accounts remained unchanged m/m in April, following a decline of 0.5 percent in March. Norways April retail...
Norway's labor market continues to remain subdued
May 30, 2016 14:10 pm UTC| Commentary
Data released earlier today showed that Norwegian LFS unemployment rate was unchanged at 4.7 percent from February to March, but rose from 4.5 percent in December (the previous three months). Unemployment in February was...
EM currencies to remain susceptible in the run-up to the Fed
May 30, 2016 13:50 pm UTC| Commentary
Fed Chairwoman Janet Yellen in a speech at a panel discussion at Harvard University on Friday said that the central bank would probably raise interest rates in the coming months if the U.S. economy keeps gaining strength....
Opposition mounts within Merkel's Government over the controversial TTIP deal
May 30, 2016 13:34 pm UTC| Commentary
German Chancellor Angela Merkel faces mounting opposition within her government for her stance on the EU-US free-trade pact. German Minister for Economic Affairs and Energy Sigmar Gabriel lashed out at German Chancellor...

May 30, 2016 13:20 pm UTC| Commentary
Energy pack is mixed in todays trading. Weekly performance at a glance in chart table. Oil (WTI) WTI is flat for the day. Todays range $49.1 -49.6 WTI is currently trading at $49.3/barrel....
Chile’s jobless rate likely to have increased in April; but labor market to weaken in medium term
May 30, 2016 13:13 pm UTC| Commentary
The Chilean economy is expanded lower than the reduced trend rate of below 3%, as compared with over 4% a few years back. In this regard, the labor markets resilience does not show the state of the economy. Resource...

Commodities snapshot (precious & industrial)
May 30, 2016 13:11 pm UTC| Commentary
Metal pack is down today. Performance this week at a glance in chart table - Gold Gold is down for ninth consecutive day. We expect Gold to test support around $1180 area. Todays range $1213-1200 Gold...