Morgonrapporten · Handelsbanken EconomicResearch

260306 - Svängigt på marknaden inför viktig USA-data

·11 min·1 clip

Swedish inflation just fell to 1.7%, but it's not moving markets as expected.

The episode opens with host Tommy von Mömsen reporting on Sweden's February KPIF inflation dropping to 1.7%, the fourth consecutive decline, though underlying inflation is lower than Riksbank forecasts. European data shows stagnant retail sales but positive industrial production trends in Germany and France. US labor market signals are mixed, with low job cuts but stable unemployment. Trump-related news includes a lawsuit by 24 states over new bribes and the firing of Kristi Noem from Homeland Security, contributing to narratives of declining trust. Middle East tensions involve Trump's statements on Iran's leadership and US plans to secure oil shipments, though experts express doubts. Oil prices have risen to $84 per barrel from $70 pre-conflict. Financial markets saw declines, with S&P down 0.6% and European indices falling about 1.3%, while energy sectors outperformed. Interest rates increased in the US and Europe, with ECB pricing showing a 50% chance of a September hike. Currency movements included a stronger dollar and weaker Scandinavian kronor. The episode concludes with a preview of today's economic data, highlighting the US monthly jobs report expected at 55,000 new jobs, and outlines next week's releases including Swedish GDP, inflation updates, and US CPI figures.

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