Nordic & Swiss Economics Update Will Swiss and Nordic currencies recoup their losses? The Swiss franc and Nordic currencies have come under pressure this year. While we think that the franc and the Norwegian krone have further to fall, we suspect that the Swedish krona will rebound. 2nd May 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Apr.) April’s manufacturing PMIs provide some reassurance that the Swiss and Norwegian economies bounced back after making slow starts to the year. Sweden’s PMI was quite weak, but other survey indicators... 2nd May 2018 · 1 min read
Nordic & Swiss Economics Update Weaker currencies and higher oil prices boost equities Amid escalating international trade tensions, the Nordic and Swiss currencies depreciated across the board in April. Weaker exchange rates helped to give equities a boost, while the main bourses in... 27th April 2018 · 1 min read
Nordic & Swiss Economics Update Riksbank delays interest rate rises The Riksbank now expects interest rates to remain unchanged until Q4. We think that the Bank will raise rates gradually this year and next, before adopting a faster pace of tightening in 2020. 26th April 2018 · 1 min read
Nordic & Swiss Economic Outlook Tighter monetary policy on the horizon While the Nordics and Switzerland seem to have made slow starts to 2018, the outlook for these economies is generally pretty bright. Nevertheless, healthy rates of economic growth will push up... 20th April 2018 · 1 min read
Nordic & Swiss Central Bank Watch Changed Riksbank guidance will still signal 2018 rate rise At next week’s meeting, the Riksbank is likely to cut its GDP growth and inflation forecasts. This leads us to expect the Bank to signal that interest rate rises will come later than policymakers... 19th April 2018 · 1 min read
Nordic & Swiss Chart Pack Trade fears weigh on Swiss franc and Swedish krona Both the Swiss franc and the Swedish krona have depreciated by almost 1.5% against the euro over the past month. This has left the franc trading at its weakest level since the Swiss National Bank... 13th April 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Mar.) Although headline inflation increased to the Riksbank’s target in March, inflation excluding energy remained somewhat weaker. At its April meeting, we expect the Bank to signal that it will raise... 12th April 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Feb.) Despite February’s rise, Swedish private sector production growth appears to have slowed in Q1. But economic growth should remain healthy this year and inflationary pressures are building, so we still... 5th April 2018 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Mar.) The renewed rise in Swiss inflation in March will be welcomed by the Swiss National Bank. But with pipeline price pressures still very subdued, we doubt that the SNB will alter its ultra-accommodative... 5th April 2018 · 1 min read
Europe Commercial Property Update Stockholm capital values set to slide from 2019 Improved short-term prospects in Stockholm will keep office rents in the city amongst the fastest growing European markets in the next few years. However, with yield falls now at an end, total returns... 4th April 2018 · 1 min read
Nordic & Swiss Economics Update How did the Nordic & Swiss economies fare in Q1? The activity surveys across the Nordics and in Switzerland generally weakened in Q1. But they were still fairly strong, so on the whole these economies seem to have performed reasonably well in the... 3rd April 2018 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tend. Survey (Mar.), Trade & PPI (Feb.) The Swedish economy has lost some momentum of late, but growth still looks set to be healthy. And with inflationary pressures gradually rising, we expect the Riksbank to raise interest rates this year... 27th March 2018 · 1 min read
Nordic & Swiss Economics Update The outlook for bonds in Switzerland and the Nordics The Nordic central banks are all moving towards tightening monetary policy, albeit at different speeds. We think that higher interest rates will come first in Sweden, pushing up government bond yields... 20th March 2018 · 1 min read
Nordic & Swiss Chart Pack Inflation outturns weak The latest inflation data in the Nordic countries and Switzerland have generally been quite weak. Indeed, inflation in Switzerland slowed to a five-month low of 0.6% in February. The core rate was... 16th March 2018 · 2 mins read
Nordic & Swiss Data Response Swedish Consumer Prices (Feb.) With Swedish inflation unchanged at a joint 10-month low in February, we see the Riksbank changing its forward guidance next month to signal that it will raise interest rates later than it previously... 14th March 2018 · 1 min read
