US Interest Rates, Trump Asia, Tech Giants – E24 News
Here’s a summary of the key data from the provided text:
Interest Rates:
* The ECB (European Central Bank) is expected to hold interest rates steady at 2.0% on Thursday.
* This is half the current rate in Norway.
* Norway’s next interest rate decision is November 6th.
* Upcoming economic data releases in Norway (debt growth, trade, unemployment) could influence future rate decisions.
* A survey on banks’ lending for house purchases will also be released.
Stock Market/Company Results:
* several major Norwegian companies (Equinor, Telenor, Kongsberg Gruppen, Nordic Semiconductor, Nel) will release their Q3 results this week.
* Kongsberg gruppen, benefiting from increased demand due to global conflicts, is considered highly priced, meaning its stock could fall if results are disappointing.
* Nordic Semiconductor and Nel have historically caused meaningful market reactions on results days.
* On Wall Street, Alphabet, Meta, microsoft, Amazon, and Apple will release their results this week.
Economic Calendar (Highlights):
* monday 27 October: No specific events listed.
* Tuesday 28 October: Quarterly results from Vend, Klaveness, Public Property, Elopak, Sats, BW Energy and Sparebank 1 Nord-Norge.
* Wednesday 29 October: Quarterly results from Equinor, Nordic Semiconductor, Telenor, Nel, Bluenord, Sparebank 1 SMN, Sparebanken Øst, Airthings, axactor, Photocure and Smartoptics. Økokrim presents a threat assessment.
