World Courant
The article continues under the commercial
Have US rates of interest reached their peak or is the stage ripe for a brand new spherical of restoration, DNB Markets chief economist Kjersti Haugland asks within the morning report on Tuesday morning.
The US central financial institution has been conserving an in depth eye on value progress within the nation and may have one other key knowledge level to issue into their rate of interest assessments later at this time.
– The spotlight of the week when it comes to fundamentals, this afternoon’s US inflation figures for the month of October, clearly have the potential to have a market influence in the event that they deviate from an unusually unanimous group of analysts, Haugland writes within the report.
Could be greater
On Tuesday morning, the primary index on the Oslo inventory alternate rose barely by 0.3 p.c.
Each DNB and the consensus anticipate costs excluding meals and vitality to have risen by 0.3 p.c in comparison with the earlier month, the identical tempo as in September.
The article continues under the commercial– Used automotive costs are more likely to have risen barely, whereas rental value progress – which rose surprisingly in September – has slowed. If we obtain the month-to-month improve, core inflation will stay steady at 4.1 p.c 12 months/12 months. As gasoline costs fell by virtually 4 p.c between September and October, the stage is about for a decline in headline inflation. We estimate a decline in annual progress of five-tenths to three.2 p.c. The consensus is 3.3 p.c, Haugland writes.
Handelsbanken additionally paid consideration to the inflation figures in its morning report.
– Though rate of interest expectations have elevated in latest days, an upward shock in inflation figures may shortly push rate of interest expectations up once more. Now the rate of interest market estimates a 28 p.c likelihood of one other improve in January – whereas concurrently estimating three cuts by January 2024, writes senior economist Sara Midtgaard.
Calm
In any other case, the markets have been quiet whereas awaiting inflation figures from the US. There was just about no change within the indices on Wall Road on Monday night. Buying and selling in futures contracts for the US inventory exchanges is pointing in a really flat path on Tuesday morning.
There have been no main actions within the rate of interest market or the foreign money market, nor very massive actions within the oil market.
Oil and fuel firm Equinor rises 0.5 p.c from the beginning, salmon farmer Grieg Seafood drops six p.c after presenting third-quarter figures, fuel delivery firm BW LPG – which has additionally introduced figures – falls barely and is among the many most traded shares in early buying and selling.(Situations)Copyright Dagens Næringsliv AS and/or our suppliers. We want you to share our instances by way of hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents might solely be made with written permission or as permitted by regulation. For additional circumstances see right here.
Unusually agreed: – Clear potential to have an effect in the marketplace
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