Norway DNB Manufacturing PMI
The NIMA Manufacturing Purchasing Manager's Index monitors the performance of the manufacturing sector in Norway and is based on a survey of 300 companies. It is composed of five individual indexes with the following weights: new orders (30%), output (25%), employment (20%), Suppliers delivery times (15%), and stock of items purchased (10%), the Delivery Times index is reversed so that it moves in a similar direction to the other four indexes. A value above 50 indicates that the manufacturing sector has expanded in comparison to the previous month; a rating below 50 indicates that the manufacturing sector has contracted, whereas a reading of 50 shows no change.
A higher than expected figure should be seen as positive (bullish) for the NOK while a lower than expected figure should be seen as negative (bearish) for the NOK.
Forex Sentiment (NOK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURNOK |
|
|
10.9878 -8064 pips |
11.7910 +32 pips |
11.7942 | |
| USDNOK |
|
|
10.8981 -1377 pips |
10.9473 +885 pips |
11.03580 | |
| GBPNOK |
|
|
0 -137623 pips |
13.7404 +219 pips |
13.76230 | |
| NOKJPY |
|
|
0 -1430 pips |
14.2900 +1 pips |
14.303 | |
| NOKSEK |
|
|
0.9898 +362 pips |
1.0318 -782 pips |
0.9536 |
News (NOK)
Nokia Posts Q4 Loss, Warns On Q1; Plans EUR 600 Mln Buy Back; Stock Up
Finnish network company Nokia Corp. reported Thursday a loss in its fourth quarter, compared to prior year's profit, amid weak net sales. Looking ahead, the company expects challenging environment to continue, particularly in the first quarter. Further, the Board proposed dividend authorization of 0.13 euro per share and initiated two year 600 million euros buyback program.
RTTNews | 93 days ago
Nokia Q3 Results Down, To Cut Up To 14,000 Jobs; Stock Dips
Shares of Nokia Corp. were losing around 4 percent in the morning trading in Helsinki as well as around 3 percent in pre-market activity on the NYSE after the Finnish telecom major reported Thursday a sharp drop in its third-quarter profit and revenues amid ongoing macroeconomic challenges. Separately, Nokia announced a cost reduction program, expecting to cut up to 14,000 jobs.
RTTNews | 191 days ago
Norges Bank Signals December Hike On High Inflation
Norway's central bank raised its key interest rate by 25 basis points on Thursday, as signaled during the previous meeting, and sounded more hawkish than expected with Governor Ida Wolden Bache saying that there would likely be another hike in December as inflation remains significantly above the bank's 2 percent target.
RTTNews | 219 days ago
