Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

<ul>
<li>Norges Bank expected to cut rates later in the second half of the year, with further cuts expected in September and December</li>
<li>Riksbank cut rates as predicted, with markets pricing in additional cuts by December</li>
<li>Bank of England kept rates on hold, with no major surprises in their delivery</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Norges Bank expected to cut rates later in the second half of the year, with further cuts expected in September and December
Riksbank cut rates as predicted, with markets pricing in additional cuts by December
Bank of England kept rates on hold, with no major surprises in their delivery

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates: European rates Scandi and UK central bank round up

External broker reports, Nordea

Nordea

External broker reports

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Trump’s trade policy is very unpredictable. Over a week ago, it was announced that Trump will introduce a 25% tariff on imports from Canada and Mexico, which will be postponed for a month, and a 10% tariff on imports from China.</li><li>In the last two weeks, Trump has also talked about the EU being the next target, and the EUR has weakened against most currencies, including the NOK.</li><li>This is probably part of the explanation as to why the NOK has strengthened somewhat. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Trump’s trade policy is very unpredictable. Over a week ago, it was announced that Trump will introduce a 25% tariff on imports from Canada and Mexico, which will be postponed for a month, and a 10% tariff on imports from China.In the last two weeks, Trump has also talked about the EU being the next target, and the EUR has weakened against most currencies, including the NOK.This is probably part of the explanation as to why the NOK has strengthened somewhat. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EURNOK Update: Limited Downside in EURNOK from Here

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioning themselves in the current market.</li><li>As with every other rally, retail investors end up blindly following the big players, and long risk might very well be the play to make as flows from ETFs and retail investors continue to lift markets.</li><li>And with that in mind, we have spiced up today’s version, moving away from the CFTC report and instead trying to have a look at what various surveys are telling us about the current market.</li></ul>

Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioning themselves in the current market.As with every other rally, retail investors end up blindly following the big players, and long risk might very well be the play to make as flows from ETFs and retail investors continue to lift markets.And with that in mind, we have spiced up today’s version, moving away from the CFTC report and instead trying to have a look at what various surveys are telling us about the current market.

Positioning Watch – The Goldilocks Scenario is Intensifying

<ul><li>The Riksbank will keep policy rates unchanged at 1.75%, with no further cuts expected and a small probability of a hike in 4Q26.</li><li>The Swedish budget announcement of unfunded reforms totaling 120 billion in additional easing caused Swedish rates to rise and yield curves to adjust.</li><li>The Norges Bank surprised by cutting rates despite strong economic data, with markets pricing in further easing despite the bank's revised higher rate forecast.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Riksbank will keep policy rates unchanged at 1.75%, with no further cuts expected and a small probability of a hike in 4Q26.The Swedish budget announcement of unfunded reforms totaling 120 billion in additional easing caused Swedish rates to rise and yield curves to adjust.The Norges Bank surprised by cutting rates despite strong economic data, with markets pricing in further easing despite the bank's revised higher rate forecast.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates: Scandi Central Banks and noisy UK politics

<ul><li>We and everyone else were uncertain ahead of todays decision.</li><li>Even the governor said that they had considered to hold they rate unchanged and the model rate path from Norges Bank indicated no cut this time around.</li><li>So it was a committee judgment that led to the cut now instead of in December.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We and everyone else were uncertain ahead of todays decision.Even the governor said that they had considered to hold they rate unchanged and the model rate path from Norges Bank indicated no cut this time around.So it was a committee judgment that led to the cut now instead of in December.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Norway

The Norwegian krone is the official currency of the Kingdom of Norway.  The US dollar is the official currency of the United States of America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

NOK (USDNOK CURNCY)

Global Rates: European rates Scandi and UK central bank round up

The Norges Bank is expected to make its first rate cut later in the second half of the year, with money markets pricing in a low probability for...

At Any Rate

EURNOK Update: Limited Downside in EURNOK from Here

Trump’s trade policy is very unpredictable. Over a week ago, it was announced that Trump will introduce a 25% tariff on imports from Canada and...

Nordea

Positioning Watch – The Goldilocks Scenario is Intensifying

Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioned

Steno Research

Global Rates: Scandi Central Banks and noisy UK politics

- Riksbank keeps policy rates unchanged, market expects limited rate cuts and Norges bank cuts rates to support economy.

At Any Rate

Norges Bank Review: A hawkish cut

Even the governor said that they had considered to hold they rate unchanged and the model rate path from Norges Bank indicated no cut this time...

Nordea

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)