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Market outlook February 2018 - Growth optimism continues

January was a good month for our market view, with rising long-term government rates, weaker dollar and stronger Norwegian krone, higher commodity and energy prices, and falling risk premiums in both equity and credit markets. The risk appetite in the markets is high and negative news does not seem to bother the markets. Neither budget problems in the United States, Merkel's challenges in forming a new parliament, or US customs on solar panels and washing machines have affected the markets. Our technical indicator provides a significant signal that the stock market has been over-bought. Sentiment is therefore shifted to red in the risk weight as it is used as a contrarian indicator in our market view. The other indicators are; valuation of stock markets which is already in red, liquidity in yellow and global growth in green.

» Read our market outlook for February

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