Financial News

Norwegian oil investment likely to increase sharply Nordea Bank

Norwegian oil investment survey is expected to show strong growth in oil investment, noted Nordea Bank in a research report. Solid growth in oil investment in 2018 as well as in 2019 is a significant reason for the upbeat view on the economy.

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America's Roundup: Dollar weakens as Trump nixes N. Korea summit, Wall Street edges lower, Gold jumps, Oil slips further below $80/bbl on talk OPEC may lift output-May 25th,2018

Market Roundp

• Trump scraps North Korea summit, warns Kim that military ready.

• US w/e Initial Jobless Claims, 234k, 220k forecast 222k previous.

• US w/e Continued Jobless Claims, 1.741 mln, 1.754 mln forecast, 1.707 mln previous.

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U.S. durable goods orders likely to have dropped in April

U.S. durable goods data for the month of April is set to be released tomorrow. In the prior month, durable goods orders had come in mixed as large gains in aircraft orders masked softness in other categories of business investment for the month.

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French business climate remains stable in May, economy likely to expand 0.3 pct in Q2

French economic growth likely to see just little changes in the second quarter. While consumer sentiment in the euro area has continued to be widely stable at an elevated level, business sentiment has deteriorated more significantly from the very high levels recorded at the turn of the year.

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German economy expands 2.3 pct year-on-year in Q1 on investment and private consumption

The second estimate of German first quarter economic data showed no changes from the earlier estimates of 0.3 percent sequential growth and 2.3 percent year-on-year growth. However, the expenditure breakdown, released for the first time, was widely favorable.

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