Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Swedish GDP And Regional Network Report In Norway

Published 11/24/2014, 02:48 AM
Updated 05/14/2017, 06:45 AM

In Sweden, the week ahead is full of interesting events. We have the NIER's Business and Consumer confidence surveys, trade balance data, financial market statistics (including household lending), retail sales and current account data.

But the main event will be the GDP numbers on Friday. Our current forecast points to zero growth in consecutive terms, which translates into 2% y/y. We see downside risks.

The Swedish Debt Office will tap in the 10 year segment this week.

We take a closer look at the political situation in Sweden ahead of the 3 December budget deadline. We warn about short-term upside risks to EUR/SEK also as the PPM money might weigh on the SEK over the coming week.

In Norway, the week's big release is the results of Norges Bank's latest regional network survey on Friday that could potentially have a big impact ahead of the December Norges Bank meeting.

The recent soft rhetoric from ECB president Mario Draghi and the Chinese rate cut on Friday both support our long-held view that EUR/NOK will edge lower in 2015.

Norwegian GDP numbers last week showed that growth was at trend in Q3.

In Denmark, the week brings preliminary national accounts data for Q3, where the main focus will be on GDP. We expect growth of 0.0% q/q, which corresponds to just under 0.4% y/y.

This year's November/December Danish mortgage refinancing auctions continue this week. The daily auction amounts will be lower than seen last week.

To Read the Entire Report Please Click on the pdf File Below

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.