Review: Hurricane Sandy kept Wall Street closed for yet another day yesterday, and therefore the evening trade was fairly eventless. It is assessed that Sandy will turn out to be the fifth largest hurricane in terms of financial damage. The real economic losses (lost production) are assessed at about USD 20bn (about 0.1% of GDP). Yesterday’s confidence figures from the European consumers as well as the industrial and service sectors showed that sentiment in Europe is still gloomy. EUR held
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Interest-rate meeting at Norges Bank seems to be a non-event