Market movers today
On a day with few important data releases, the financial markets will be looking to signs from the Fed on the outlook for the economy and monetary policy, when US Fed chair William's speaks . The minutes from the January meeting showed that the Fed has become more upbeat on the US economy following the tax reform, which has since then been supplemented by more expansionary fiscal spending outlook. Hence financial markets will closely watch for Fed speakers giving signs of a fourth rate hike being in play this year.
In Norway , the oil investment survey is due, where we expect a solid upward revision of the estimate for 2018 given that a large number of field development plans have been submitted since the previous survey. However, this would still be in line with our relatively optimistic forecast for investment activity in the Norwegian oil sector (for more details, see the Scandi section next page).
In Sweden , the Riksbank Minutes due for release at 09:30 will be scrutinized for indications as to how sensitive the Board is to further inflation disappointments (like the one earlier this week, for more details see Scandi section).
To read the entire report Please click on the pdf File Below: