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.

FX & Rates

<ul><li>The Norwegian and Swedish currencies are trading at historically weak levels against the euro.</li><li>We discuss the underlying drivers and highlight that interest rate differentials are often given too much weight.</li><li>We expect a stable NOKSEK ahead. Introductory summary – strong economies with “weak” currencies Norway can in many respects be considered one of the world’s strongest economies. </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.

The Norwegian and Swedish currencies are trading at historically weak levels against the euro.We discuss the underlying drivers and highlight that interest rate differentials are often given too much weight.We expect a stable NOKSEK ahead. Introductory summary – strong economies with “weak” currencies Norway can in many respects be considered one of the world’s strongest economies. 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.

Sweden and Norway: Persistent currency weakness

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.

<ul><li>Riksbank expected to stay on hold due to inflation moving along expected lines</li><li>Norges Bank has implicit easing bias but unlikely to deliver rate cuts based on incoming data</li><li>Bank of England keeps rates on hold with closer vote split, markets pricing in gradual rate cuts through early next year</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Riksbank expected to stay on hold due to inflation moving along expected linesNorges Bank has implicit easing bias but unlikely to deliver rate cuts based on incoming dataBank of England keeps rates on hold with closer vote split, markets pricing in gradual rate cuts through early next yearThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

European Rates: BoE and Scandi central bank roundup

Macroeconomics

<ul><li>The Budget Bill for 2026 presented today was in line with expectations and discretionary reforms amounts to a total cost of SEK 78.9bn, or 1.2% of GDP.</li><li>Most proposals had been presented in advance, more than SEK 70bn, thus limiting the room for surprises in today’s announcement.</li><li>The remaining reforms were broadly diversified among categories, but somewhat more was allocated to energy and the environment.</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.

The Budget Bill for 2026 presented today was in line with expectations and discretionary reforms amounts to a total cost of SEK 78.9bn, or 1.2% of GDP.Most proposals had been presented in advance, more than SEK 70bn, thus limiting the room for surprises in today’s announcement.The remaining reforms were broadly diversified among categories, but somewhat more was allocated to energy and the environment.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.

<ul><li>We expect the Riksbank to announce that the policy rate will remain unchanged at 2.0% at its meeting on 23 September.</li><li>The door will likely remain ajar for a future rate cut, but less so than at recent monetary policy meetings.</li><li>This would reinforce our view that the Riksbank is done cutting.</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 expect the Riksbank to announce that the policy rate will remain unchanged at 2.0% at its meeting on 23 September.The door will likely remain ajar for a future rate cut, but less so than at recent monetary policy meetings.This would reinforce our view that the Riksbank is done cutting.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.

Riksbank preview: Improved growth outlook

<ul><li>The Finance Minister Svantesson said in Harpsund in late August that the Budget Bill will contain SEK 80bn (estimated 1.2% of GDP) in discretionary spending.</li><li>The Government has so far announced detailed reforms amounting to SEK 60.0bn.</li><li>When announcing the reform space, Svantesson described the current economic environment in Sweden as a prolonged downturn.</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.

The Finance Minister Svantesson said in Harpsund in late August that the Budget Bill will contain SEK 80bn (estimated 1.2% of GDP) in discretionary spending.The Government has so far announced detailed reforms amounting to SEK 60.0bn.When announcing the reform space, Svantesson described the current economic environment in Sweden as a prolonged downturn.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.

Sweden Budget Bill Preview: Households in the spotlight

Sweden

The Swedish krona is the official currency of Sweden

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Sweden and Norway: Persistent currency weakness

We expect a stable NOKSEK ahead. Introductory summary – strong economies with “weak” currencies Norway can in many respects be considered one of...

Nordea

European Rates: BoE and Scandi central bank roundup

Central banks in Sweden, Norway, and the UK are expected to maintain their current interest rate levels, with market overpricing rate cuts and...

At Any Rate

Sweden Budget Bill Review: Booster

The Budget Bill for 2026 presented today was in line with expectations and discretionary reforms amounts to a total cost ofSEK 78.9bn, or 1.2% of GDP.

Nordea

Riksbank preview: Improved growth outlook

We expect the Riksbank to announce that the policy rate will remain unchanged at 2.0% at its meeting on 23 September. The door will likely remain...

Nordea

Sweden Budget Bill Preview: Households in the spotlight

The Finance Minister Svantesson said in Harpsund in late August that the Budget Bill will contain SEK 80bn (estimated 1.2% of GDP) in discretionary...

Nordea

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