Norway’s Core Inflation Slowed Less Than Expected in April
Norway’s underlying inflation rate fell less than analysts expected last month, likely reducing expectations that the central bank will deliver its first interest-rate cut this year.
Norway’s underlying inflation rate fell less than analysts expected last month, likely reducing expectations that the central bank will deliver its first interest-rate cut this year.
Strategists at Citigroup Inc. downgraded high-flying Chinese equities to neutral, arguing that their recent rally has come despite weakening fundamentals. The team upgraded emerging-market rival India to overweight.
Saudi Arabia’s Crown Prince Mohammed bin Salman will travel to Japan later this month on a rare trip outside of the Middle East.
Hong Kong’s benchmark stock index jumped to a nine-month high on optimism over the potential scrapping of some dividend taxes and new initiatives to boost Chinese property purchases.
Britain bounced back strongly from a shallow recession, providing some relief for Prime Minister Rishi Sunak who has so far struggled to deliver on his promise to grow the economy.
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