DCSIMG

Disappointing Euro PMI’s send yield spreads wider

EuropeI don’t expect the ECB to consider further easing moves on the back of today’s PMI data, as the disappointing Euro PMI’s are more about a temporary downturn in global manufacturing following the sharp rise in oil prices.

 

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Shipping Essentials Weekly

Macro and Events in Brief The Norwegian GDP figures came in more or less as Norges Bank expected and we therefore see no reason to change our view on Norges Bank. In the Eurozone GDP shrank by 0,2 % in Q1, still weak but a…

New financial forecasts

Here are the usual slides with our new financial forecasts.

Nitty Gritty on Sweden: The upward trend in the labour supply remains intact

Attached are some charts on the April Labour Force Survey. A key question is how to look at the very strong upturn in the labour supply. The employment rate is stable, but absence has remained high in recent months.