Expert economic research and news

Nordea Financial Forecasts

New financial forecasts from Nordea – Uncertainty galore

29 May 2012 | Steen Grøndahl

Greek elections and contagion risks still the major story. We are keeping our forecasts basically unchanged.

European Central Bank

ECB to cut interest rates

29 May 2012 | Anders Svendsen

After another round of disappointing survey data we believe the time has come for the ECB to cut interest rates.

Country_USA2

Week ahead: US data to disappoint

25 May 2012 | Jan von Gerich

We expect US economic data to continue to come in on the weak side, putting renewed pressure on risk appetitive and continuing to support the safest assets.

Erik Bruce

Norway: Lower unemployment

29 May 2012 | Erik Bruce
We need to see a continued drop in unemployment to be on the strong side to Norges Bank
Euro coin Spain

The cost of bank rescues to continue growing in Spain

28 May 2012 | Jan von Gerich
The cost for the Spanish government to aid its banking sector is mounting, while the weekend’s news of state aid to the troubled Bankia is unlikely to be the last piece of such news. In light of the development in many other countries, Spanish house prices still have a long way to fall, keeping the outlook for Spanish banks uncertain.
Oil energy commodities

Nuclear talks setback pushes up oil price risk premium

25 May 2012 | Thina Margrethe Saltvedt
Oil prices rose yesterday after the US, China, Russia, France, Britain (the UN Security Council’s permanent members) and Germany, the so-called P5+1 countries, and Iran failed to agree on a defined package of reciprocal measures to end an impasse spanning several decades over Iran’s nuclear programme.The failure to make progress in the second round of negotiations increases the pressure on the parties to reach a peaceful resolution and is expected to have a bullish effect on oil prices up to the third round of negotiations on 18-19 June.
Global

Get research in your language

25 May 2012
Nordea Markets now publishes expert research and analysis in five languages.
European Central Bank

Weaker growth momentum in the Euro area

24 May 2012 | Anders Svendsen
Today’s disappointing numbers point to a significant contraction in the Euro area in Q2 and shows that the Greek crisis is spreading to the German and French economies. Risk of rate cuts from the ECB during summer.
China

Chinese PMI weakens - points towards further stimulus

24 May 2012 | Annika Lindblad
The decline in manufacturing confidence supports expectations of further stimulus measures from the Chinese authorities. After a bleak Q2 we thus expect growth to strengthen towards the end of the year.
Storm

Emerging Markets FX Monocle – Life after the storm

23 May 2012 | Aurelija Augulyte
The storm did come after the calm, as our April issue of the Monocle suggested. It may get worse before it gets better in the coming weeks, but not for long.
Country_subway_sweden

Swedish April LFS: the labour market more resilient than expected

23 May 2012 | Mikael Sarwe
The situation on the labour market is better than the Riksbank’s forecast, suggesting that the Riksbank will stay on hold in July.
Currency Norway NOK

How safe is the NOK haven?

22 May 2012 | Ole Håkon Eek-Nielsen
EURNOK has turned into a low volatile range bound game.
Country_Flag_India

INR: Breaking records

22 May 2012 | Annika Lindblad
Weakening of the INR continues at a brisk pace in India.
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