Sweden: Political uncertainty here to stay

Danske Research Team Danske Bank A/S

Market movers ahead

In Norway, Q2 GDP growth data is due out on Thursday. The print will reveal whether or not a slowdown has been under way in Norway.
Next week, we get preliminary PMIs in Europe, the US and Japan.
We do not expect any major new information from either the FOMC or ECB meeting minutes.
Donald Trump's 25% tariff rate on an additional USD16bn worth of imported goods from China comes into effect on Thursday.

Global macro and market themes

Theme 1: Brexit end-game in Q4.
Theme 2: US-China trade war continues.
Theme 3: US sanctions against Iran, Russia and Turkey.
Theme 4: US midterm elections in November.
Theme 5: Italy budget clashes with the EU.
Theme 6: China is easing policy to offset slowdown and trade war uncertainties.

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Danske Research Team

Danske Bank A/S

Research is part of Danske Bank Markets and operate as Danske Bank's research department. The department monitors financial markets and economic trends of relevance to Danske Bank Markets and its clients.

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