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Market outlook December– Neutral equity exposure

The international growth picture has not changed much in the last month. Growth continues to rise and leading central banks, with the exception of the Bank of England, still observe that their inflation rate targets have not been reached. There was a mild correction in securities markets in November. Measured in Norwegian kroner, the correction is practically invisible because stock market corrections were offset by weakening of the NOK. Some cyclical sectors declined relative to stable sectors and credit spreads widened slightly but not enough for us to change our outlook.

» Read our market outlook for December

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DNB Luxembourg has provided private banking and investment advice to customers in Europe for more than twenty years. We have in-depth knowledge of local markets. Our banking operations are based on Norwegian values and experience dating back to the establishment of the bank in 1822.

Luxembourg is the largest private banking and financial market in the EU, the second largest investment fund management market globally after the US and  the world’s ninth largest financial centre. Luxembourg is an international hub with outstanding investment conditions and a safe background.

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DNB Luxembourg S.A. customers have the responsibility to assess and fulfil any reporting obligations towards the (tax) authorities of the country of (tax) residence regarding the assets deposited with the Bank and the income derived thereof.

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