Delayed NFP Numbers but Interpretation Difficult

SEB highlights the release of delayed US January employment data, warning that benchmark revisions will make it difficult to interpret. Meanwhile, higher-than-expected Norwegian inflation has effectively priced out rate cuts for the year.

Key Takeaways

• 1.The US January employment report (NFP) is being released after a delay, but interpretation will be complicated by seasonal benchmark revisions.
• 2.Norwegian inflation surprised significantly to the upside, leading markets to remove expectations for interest rate cuts this year.
• 3.China's CPI and PPI data show a continuing trend of low growth and negative producer prices, posing ongoing problems for their economy.

Table of Contents

• Global key stories
• Nordic key stories
• Today's key events
• Market data

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