Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.
The latest employment report is expected to show labor-market growth slowing, with 240,000 new jobs created in April and unemployment holding steady at 3.8%.
The two-year Treasury yield is expected to fluctuate between 4.75% and 5% until clarity emerges regarding potential interest-rate cuts by the Federal Reserve, while long-term yields may continue to climb, Saxo said.
Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year.
Hong Kong’s securities regulator has started criminal proceedings against hedge fund management firm Segantii Capital Management, the firm’s founder and a former trader over insider dealing.
