External broker reports(aggregated public sources), Nordea

Nordea

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 outcome of the US election has lead us to change our NOK forecast.</li><li>With Trump as president, we expect a further rise in US rates, which will in turn strengthen the dollar somewhat further over the next six months.</li><li>We wrote aNOK Updateone week ago about the upside risk to our NOK forecast with Trump as president.</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 outcome of the US election has lead us to change our NOK forecast.With Trump as president, we expect a further rise in US rates, which will in turn strengthen the dollar somewhat further over the next six months.We wrote aNOK Updateone week ago about the upside risk to our NOK forecast with Trump as president.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>Our forecast implies a slight further weakening of NOK towards year-end and a somewhat stronger NOK next year.</li><li>But if Trump becomes president, the rate cut cycle in the US could soon end and the USD could strengthen further.</li><li>We therefore see a clear risk of a weaker NOK than our current forecasts imply.</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.

Our forecast implies a slight further weakening of NOK towards year-end and a somewhat stronger NOK next year.But if Trump becomes president, the rate cut cycle in the US could soon end and the USD could strengthen further.We therefore see a clear risk of a weaker NOK than our current forecasts imply.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.

NOK Update: Risk of Weaker NOK with Trump as President

<ul><li>We expect core inflation to fall to 3.3% y/y from 3.4% in June while Norges Bank has 3.7% pencilled in for July.</li><li>The data will be published on Friday 9 August at 8AM CET.</li><li>The main reason for the decline is a smaller increase in food prices this July compared to last year.</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 core inflation to fall to 3.3% y/y from 3.4% in June while Norges Bank has 3.7% pencilled in for July.The data will be published on Friday 9 August at 8AM CET.The main reason for the decline is a smaller increase in food prices this July compared to last year.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.

NO CPI Preview: Lower Inflation but No Rate Cut on the Agenda

<ul><li>The drop in interest rates expectations in Norway is mainly due to increased recession fears in the US after weaker than expected labour market data there.</li><li>The market went into panic mode and now expects the Fed to deliver more than 8 cuts (210bps) over the next year.</li><li>Keeping in mind that it is less than a week since we heard chairman Powell describe the labour market and the economy as in a good place, it certainly looks excessive.</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 drop in interest rates expectations in Norway is mainly due to increased recession fears in the US after weaker than expected labour market data there.The market went into panic mode and now expects the Fed to deliver more than 8 cuts (210bps) over the next year.Keeping in mind that it is less than a week since we heard chairman Powell describe the labour market and the economy as in a good place, it certainly looks excessive.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.

NOK Update: Market Pessimism Overdone for Norway

<ul><li>Norges Bank just announced that they will keep the daily NOK sales unchanged at 350 million per day in March.</li><li>This was as expected and we believe that NOK sales will remain broadly the same, as the Government is expected to have a larger (petroleum) income than the budget deficit.</li><li>Today’s announcement did not move the NOK which confirms that NOK sales have moved into the background.Lately, interest rates have been the main driving factor of NOK.</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.

Norges Bank just announced that they will keep the daily NOK sales unchanged at 350 million per day in March.This was as expected and we believe that NOK sales will remain broadly the same, as the Government is expected to have a larger (petroleum) income than the budget deficit.Today’s announcement did not move the NOK which confirms that NOK sales have moved into the background.Lately, interest rates have been the main driving factor of NOK.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.

Norway

The Norwegian krone is the official currency of the Kingdom of Norway.  The US dollar is the official currency of the United States of America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

NOK (USDNOK CURNCY)

NOK Update: Weak NOK for a longer time

With Trump as president, we expect a further rise in US rates, which will in turn strengthen the dollar somewhat further over the next six months.

Nordea

NOK Update: Risk of Weaker NOK with Trump as President

Our forecast implies a slight further weakening of NOK towards year-end and a somewhat stronger NOK next year. But if Trump becomes president, the...

Nordea

NO CPI Preview: Lower Inflation but No Rate Cut on the Agenda

We expect core inflation to fall to 3.3% y/y from 3.4% in June while Norges Bank has 3.7% pencilled in for July. The data will be published on...

Nordea

NOK Update: Market Pessimism Overdone for Norway

The drop in interest rates expectations in Norway is mainly due to increased recession fears in the US after weaker than expected labour market...

Nordea

NOK Update: Sideways for now

Today’s announcement did not move the NOK which confirms that NOK sales have moved into the background.Lately, interest rates have been the main...

Nordea

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)