In this note we take a closer look at the key events in the three Nordic countries over the coming week. For our global macro movers and financial forecasts. The week will be relatively thin in respect of Scandi events but we recommend keeping an eye on the PMI numbers that are expected to move above 50 in both Sweden and Norway. We take a closer look at the possible Scandi impact if the ECB – contrary to our expectations – cuts rates this week. Short term the current correction lower in NOK/SEK might have further to go, not least as the Swedish economic surprise index might have bottomed out.
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Danske Bank