Chapter 2 Financial markets

2.26 P/E for US corporations; forward-looking for S&P 500, based on annualised quarterly earnings for national accounts data. P/E

2.11 Yields on Norwegian government bonds..

Rising value denotes an appreciating currency. 3

Daily figures, 01.01.02 - 15.09.03. Nominal interest rates.. Executive Board September 2003 Sources: TRCIS, Ministry of Finance and Norges Bank. 2.8 Real

Sources: Statistics Norway and Norges Bank Domestically produced goods and services (0.7). Imported consumer goods

NOK-EUR and NOK - main trading partners 3-month nominal rates..

2) Projections for 2003 are based on an exchange rate at the same level as the average for September until the end of the year and preliminary inflation and wage growth

2.23 Yield spreads between government bonds from emerging economies and US