Swedish interest rates
Economists predict faster reductions from the Riksbank
The Riksbank is expected to lower the policy rate faster than previously expected. This is evident from a Bloomberg survey.
Economists now expect the policy rate to come down to 2.25 percent in the first quarter of 2025, compared to last month when the forecast was 2.50 percent.
The reason is that inflation is below the target, and that the Riksbank has flagged that inflation will remain low.
The market now turns its eyes to the upcoming November meeting. According to an economist survey from SEB, the market now seems certain that there will be a double cut, followed by a cut of 25 points in December.
Economists predict faster reductions from the Riksbank
The Riksbank is expected to lower the policy rate faster than previously expected. This is evident from a Bloomberg survey.
Economists now expect the policy rate to come down to 2.25 percent in the first quarter of 2025, compared to last month when the forecast was 2.50 percent.
The reason is that inflation is below the target, and that the Riksbank has flagged that inflation will remain low.
The market now turns its eyes to the upcoming November meeting. According to an economist survey from SEB, the market now seems certain that there will be a double cut, followed by a cut of 25 points in December.
....................................
Electrolux CEO leaves post with historic record race
Jonas Samuelson's last report on the position of CEO in Electrolux was not a success, writes DI. An unexpected operating loss in North America and lower overall profitability caused the stock to plummet almost 15 percent on the stock market. The decline could thus be the third largest ever.
- During my nine years as CEO, I have refrained from commenting on share movements and probably intend to continue and refrain from doing so on the final day as well, Samuelson answers when DI asks how it "feels that the share is down so much on his closing report".
After the turn of the year, Yannick Fierling takes over the CEO post.
Jonas Samuelson's last report on the position of CEO in Electrolux was not a success, writes DI. An unexpected operating loss in North America and lower overall profitability caused the stock to plummet almost 15 percent on the stock market. The decline could thus be the third largest ever.
- During my nine years as CEO, I have refrained from commenting on share movements and probably intend to continue and refrain from doing so on the final day as well, Samuelson answers when DI asks how it "feels that the share is down so much on his closing report".
After the turn of the year, Yannick Fierling takes over the CEO post.
....................................
Mysterious Trumpbet linked to French trader
The crypto-based betting site Polymarket confirms that four mysterious accounts, which have bet a total of SEK 296 million on a Trump victory, are controlled by one and the same person. This is what CNBC and WSJ write with reference to a statement from the site.
A spokesperson describes the French national as a major player with "extensive experience in trading and with a background in the financial sector".
The big bets have received a lot of attention this week, when the odds shifted sharply to favor Trump in the election. Polymarket claims it has found no evidence that the trader tried to manipulate the odds in Trump's favor.
The crypto-based betting site Polymarket confirms that four mysterious accounts, which have bet a total of SEK 296 million on a Trump victory, are controlled by one and the same person. This is what CNBC and WSJ write with reference to a statement from the site.
A spokesperson describes the French national as a major player with "extensive experience in trading and with a background in the financial sector".
The big bets have received a lot of attention this week, when the odds shifted sharply to favor Trump in the election. Polymarket claims it has found no evidence that the trader tried to manipulate the odds in Trump's favor.
.....................................
Bankruptcy wave in the car trade: "Not ice cream and balloons"
So far this year, 61 percent more car dealerships have collapsed compared to last year. Bankruptcies in the car trade are now the fastest growing industry after real estate. And Sigge Bilajbegovic, owner of the exclusive car company Platinum Cars, believes that the worst is not yet over.
- Previously you could buy a car for one million kroner and three years later it was worth more. Many do not understand that that time is over, he tells DN.
Bilajbegovic points to a shift in the industry, after the curve pointed upwards for many years.
For his own part, it's not "ice cream and balloons", he says, but points out that the company has "many loyal customers and a concept that works".
So far this year, 61 percent more car dealerships have collapsed compared to last year. Bankruptcies in the car trade are now the fastest growing industry after real estate. And Sigge Bilajbegovic, owner of the exclusive car company Platinum Cars, believes that the worst is not yet over.
- Previously you could buy a car for one million kroner and three years later it was worth more. Many do not understand that that time is over, he tells DN.
Bilajbegovic points to a shift in the industry, after the curve pointed upwards for many years.
For his own part, it's not "ice cream and balloons", he says, but points out that the company has "many loyal customers and a concept that works".
Inga kommentarer:
Skicka en kommentar