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norwegian inflation

Decline in Norwegian inflation continues

Both headline and underlying inflation surprisingly ticked lower in August ahead of next week’s Norges Bank meeting. Norway’s inflation continues to soften. According to yesterday’s inflation release, headline inflation fell from 1.5% YoY in July…


new york city watchlist

Investor Watchlist #1 – September

Investor Watchlist UK CPI (% YoY): Consensus: 2.8; Prior: 2.6 Consumer price inflation in the UK is expected to have increased slightly in August, mainly driven by energy prices. India CPI (% YoY): Consensus: 3.27;…



export in china slower

Export dynamics slow in China

The Chinese trade balance deteriorated in August on slower exports growth and still resilient imports growth. Contrary to consensus expectations, the Chinese trade surplus declined for the first time in six months, albeit moderately. This…






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VEB’s 2018 Eurobond remains a BUY

VEB reports improved H1 2017 results but still records a loss. Moody’s upgrades Honghua to Caa1 on lower default risk. VEB’s credit profile continues to be underpinned by state support Vnesheconombank (VEB, BB+/BBB-, CS fundamental…


Switzerland Zurich

Swiss Q2 GDP weaker than expected

Swiss GDP grew a weak 0.3% QoQ in Q2, as strong imports weighed on growth. Real GDP growth in Switzerland in Q2 2017 of just 0.3% QoQ clearly missed our and consensus expectations (both at…