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Macro Comment Sweden

Valet blir stökigt, men marknaden tar det med ro

Opinionsläget tyder på att det kommer att bli en utdragen och komplicerad regeringsbildning efter valet den 9 september. Valrörelsen kommer att präglas av regeringsfrågan. Men det finns ingenting som tyder på att partierna kommer att bringa klarhet hur landet ska styras efter valet. Det mesta talar för att det i slutändan blir en minoritetsregering med ett svagt och osäkert regeringsunderlag

Läs hela rapporten på svenska: 
Valet blir stökigt, men marknaden tar det med ro

Read full report in English:
The election will be messy, but the market is relaxed

Anders Bergvall

Anders Bergvall

Senior Economist

Thematic analysis and USA

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Fast Comment Norway — Housing price growth picks up from June to July

  1. Housing prices up 0.4 percent (S.A.) in July after flatlining in June
  2. On the weak side of Norges Bank's estimate, but summer months notoriously volatile
  3. We expect moderate housing price growth ahead

Kari Due-Andresen, Chief Economist Norway |

Fast Comment Norway — Registered unemployment rose in July; mostly due to technical reasons

  1. Registered unemployment rose by 2,900 people in July
  2. But this was mostly due to technical reasons
  3. Expect a downward correction in August

Marius Gonsholt Hov, Senior Economist |

UK Comment — Bank of England hikes in line with market expectations

  1. MPC with unanimous hike
  2. Outlook broadly unchanged – conditioning path implies two more hikes by the end of 2020
  3. We believe today’s hike was the last one for the next tow to three years

Kari Due-Andresen, Chief Economist Norway |

Fast Comment US — Fed on course for rate hike in September

  1. Fed leaves rates on hold, as expected
  2. Minor tweaks to press statement; Fed on course for rate hike in September
  3. We expect that the Fed will continue to raise rates once a quarter

Anders Bergvall, Senior Economist |

Fast Comment China — Manufacturing PMIs fall another month

  1. Trade tensions starting to bite
  2. Change of economic policy tide

Bjarke Roed-Frederiksen, Senior Economist |

EMU Comment — Weaker growth but higher inflation

  1. GDP growth slowed to 0.3% q-o-q in Q2 - weaker than expected
  2. Inflation rose further above the ECB's goal in July
  3. Unemployment steady at 8.3% in June

Jes Asmussen, Chief Economist Denmark |