S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketNorway’s central bank is expected to keep policy guidance broadly unchanged, with core inflation still above 3% limiting the scope for a dovish shift, ING’s FX analyst Francesco Pesole notes.
NOK supported as rate-cut expectations stay limited
“In the rest of Europe, Norway’s central bank announces policy this morning. We don’t expect any major surprises. The December inflation report showed another small rebound in both headline (3.2%) and core (3.1%). We still think the second matters the most for Norges Bank, and that any dovish turn remains contingent on a decline below 3.0%.”
“The Bank may well stick to its projection for only one cut this year for this meeting, underpinning NOK’s good performance since the start of the year. We continue to see more upside for NOK over the short term and overvalued SEK in the coming weeks. EUR/NOK could test 11.50 soon.”
