Norway is more vulnerable to global developments

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Source: mninews

Norway's financial system has become more vulnerable to global difficulties since 2011. Norway's economic outlook was decreased, banks plan on setting risk premia higher thus making bank funding becomes less accessible, reported Norges Bank. Increased instability in financial sector was mainly caused by situation in credit and money markets, the bank added.

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Tue, 29 Nov 2011 15:39:21 GMT

FTSE 100 stays on positive trend

FTSE 100 index closed higher on Monday gaining 2.9 points or 148.11 points to 5,312.76, reflecting investor optimism towards European officials' ability to solve debt crisis. On Tuesday, however, FTSE 100 index opened slightly lower mirroring worries as S&P rating agency threatened to downgrade French AAA rating. During the day index regained 0.2% to 5,325.03, led by mining and financial companies. Randgold Resources Ltd. added

Tue, 29 Nov 2011 15:45:49 GMT

Copper appreciates on weaker dollar

Copper futures gained in value and approached two-weeks high as Dollar weakened ahead of the EU finance ministers' meeting. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery reached USD 3.385 a Pound at the early European trade, adding 0.41%.

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