In Sweden , the week ahead contains further information on a reinvigorated Swedish industry, with industrial production, orders and deliveries being released on Friday (at 09:30 CEST).
A few days earlier, on Tuesday (at 08:30 CEST), we receive April PMI data and an hour later we receive household lending growth and other financial statistics from Statistics Sweden.
We also take a closer look at the Riksbank meeting last week.
In Norway , all focus will be on the Norges Bank meeting on Thursday. We do not expect any new interest rate signals from Norges Bank. It is not long since the previous meeting in March, which included a monetary policy report with updated interest rate projections. Although the bank continued to signal a significant chance of a further rate cut, there is little to suggest that the probability has increased since the March meeting.
While core inflation was more than a tenth of a point lower in March than Norges Bank assumed in the monetary policy report, the krone is about 2.5% weaker than it expected, without this seeming to be due to fundamentals. This would also suggest a reduced risk of inflation falling further than expected.
In Denmark , currency reserves data are due for publication on Tuesday. The krone strengthened against the euro at the beginning of April but not to the same extent as in February and March, when it triggered intervention by the central bank, so the Nationalbank probably stayed on the sidelines in April.
The Danish Debt Management office (DMO) is due to tap the markets. As usually, the will tap the 10Y benchmark bond and one more bond. As the 2nd bond they have this time chosen the DGB Nov 21.