Nordic & Swiss Economics Weekly SNB won’t welcome franc’s safe haven boost The renewed appreciation of the Swiss franc this week as investors sought out safe haven assets will not have been welcomed by the SNB. But the franc is still weaker than it has been over the past few... 10th August 2018 · 1 min read
Nordic & Swiss Data Response Sweden, Norway, Denmark CPI (Jul.) Underlying inflation is still fairly weak in the Nordic economies. But given increased capacity utilisation and rising wage pressures in both Sweden and Norway, we expect both the Riksbank and the... 10th August 2018 · 1 min read
Nordic & Swiss Economics Weekly PMIs point to decent start to Q3 July’s PMIs for the Nordic and Swiss countries, which were published this week, suggest that these countries continued their strong performance at the start of Q3. Swiss inflation data released... 3rd August 2018 · 1 min read
Nordic & Swiss Economics Weekly Temporary reprieve as EU-US trade tensions ease Given the openness of the Nordic & Swiss economies, their policymakers will have breathed a sigh of relief at the easing of trade tensions this week between the EU and the US. But should the current... 27th July 2018 · 1 min read
Nordic & Swiss Economics Update Flatter yield curves not a cause for concern Government bond yield curves in the Nordics and Switzerland have flattened this year, but we doubt that this signals that recessions are imminent in any of these economies. 25th July 2018 · 1 min read
Nordic & Swiss Chart Pack A mixed month for financial markets Swiss and Nordic financial markets have been a mixed bag over the past month. Equities in most countries have risen, supported by continued fairly strong economic growth. But equities in Norway and... 24th July 2018 · 1 min read
Nordic & Swiss Economics Weekly Is franc strength still a worry? While Swiss politicians have long railed against the strength of the franc, Finance Minister Ueli Maurer appeared to throw in the towel this week. But we doubt that exporters, which fared very well in... 20th July 2018 · 1 min read
Nordic & Swiss Economic Outlook SNB lagging behind in the monetary tightening cycle Economic growth in Switzerland and across the Nordics looks set to remain pretty strong over the coming years. But inflationary pressures vary significantly between countries. We think that central... 20th July 2018 · 1 min read
Nordic & Swiss Economics Weekly Riksbank hawkish, Norwegian housing recovering The main event this week was the Riksbank meeting , at which the Bank reiterated that it expected to raise interest rates in December. And data released since the meeting support the case for the... 6th July 2018 · 1 min read
Europe Commercial Property Update Healthy outlook for returns supports case for Denmark Record investment activity in Denmark underscores the positive outlook for returns in Copenhagen, especially in the industrial sector, which we expect to be the best-performing market in Western... 4th July 2018 · 1 min read
Nordic & Swiss Data Response Swiss KOF (June) & Danish GDP (Q1, 2nd est.) The small rise in the KOF Economic Barometer in June suggests that the Swiss economy will continue to grow at a decent pace. But with still little sign that this is generating inflationary pressures... 29th June 2018 · 1 min read
Nordic & Swiss Economics Update Is Italy a worry for Switzerland and the Nordics? Political turmoil in Italy has rocked Swiss and Nordic financial markets over the past few weeks, but the economic fallout is likely to remain limited. That said, if the situation in Italy worsens... 5th June 2018 · 1 min read
Nordic & Swiss Data Response Swiss & Danish GDP (Q1) The Swiss economy’s decent start to 2018 was partly down to a boost from international sports events but there are also signs of strengthening domestic demand. Nonetheless, with inflation still very... 31st May 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 Norwegian & Danish Consumer Prices (Mar.) March’s weak inflation data in Norway strengthen the case for the Norges Bank to move only very slowly towards tightening monetary policy. We suspect that it will wait until 2019 to raise interest... 10th 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
