Economy

Oil Market
Oil Fund CEO: Surprised the stock markets haven't fallen significantly

The CEO of the Norwegian Oil Fund is surprised that the stock markets haven't been more affected by the war in the Middle East, reports Ekot.

- If you had told me a year ago what the situation was with trade barriers, with a war in the Middle East, energy prices that are on the rise, potential impact on interest rates and so on, I would have said that the market would go down significantly. Instead, it's up, says CEO Nicolai Tangen in an interview.

He believes that the reason why the stock markets have done well instead is spelled AI and the "positive news" around it.

Middle East Crisis Economic Effects
Aviation Analyst: "The Crisis Will Deepen"

On Tuesday, the government issued an "early warning" about the shortage of jet fuel. Aviation analyst Jan Ohlsson believes that the cancellations of flights that have already been announced are just the beginning.

– I believe that this crisis will deepen. I believe that we will see more cancellations due to fuel shortages, or skyrocketing prices for jet fuel, he tells Expressen.

According to the Swedish Energy Agency, Sweden's supply of jet fuel is currently stable and will last for a month.

– But if the Strait of Hormuz remains closed for the foreseeable future, we could have problems after the summer, says Ekot's economic commentator Knut Kainz Rognerud to Ekot.

The flood of reports
Scania's sales are declining – order intake is picking up

Scania's sales of trucks and buses decreased during the first quarter, while order intake increased by 10 percent despite a more uncertain market characterized by geopolitics and currency effects.

– Scania performed well during the first quarter despite lower delivery volumes, comments CEO Christian Levin.

Demand in Europe slowed towards the end of the period, while the company is highlighting strengthened competitiveness and investments in China.