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Nordea predicts end of easing cycle for Sweden and Norway by July

Nordea Bank analysts predict that Sweden and Norway will conclude their easing cycles by July, with the Riksbank and Norges Bank reaching terminal rates of 2% and 4%, respectively. This outlook aligns with broader consensus, although Norway's estimates are lower than recent forecasts. Despite potential trade tariff impacts from the US, domestic demand is expected to drive economic growth in the Nordic region, supported by rising private consumption due to improved employment and disposable incomes.

Swedish economy poised for recovery as household purchasing power improves

Nordea forecasts a recovery in Swedish household purchasing power, predicting GDP growth of 0.6% in 2024, 1.6% in 2025, and 2.6% in 2026, despite ongoing political uncertainty. Interest rate cuts are expected to bolster domestic demand, while wage agreements may lead to annual increases of around 3.5%. Public investment is rising, particularly in defense and infrastructure, even as housing investment continues to decline.

Nordea Economic Outlook predicts consumer recovery across Nordic countries

Global growth is moderate, with the US benefiting from the presidential election while Europe lags. In the Nordic region, strong private consumption is expected due to favorable job prospects and falling interest rates, despite challenges in Denmark and Finland. Norway and Sweden are poised for recovery, supported by low inflation and increased purchasing power.

Nalka Invest selects banks for potential Asker Healthcare IPO in Sweden

Swedish investment firm Nalka Invest AB is reportedly in the process of selecting banks for a potential initial public offering of its majority-owned medical unit, Asker Healthcare Group AB. Carnegie Investment Bank AB, Nordea Bank Abp, and Citigroup Inc. are involved in the discussions, although no final decisions have been made and details may change.

rdea navigates cash challenges and embraces credit solutions in switzerland

Nordea is navigating challenges from high cash holdings by focusing on credit solutions and establishing a presence in Switzerland. With a shift towards cash-like investments, the firm sees potential in European covered bonds and emphasizes the importance of ESG criteria among institutional investors, particularly pension funds.

cyber attacks from russian hackers threaten nordic banks financial stability

Cyber attacks linked to Russian hackers are identified as the primary threat to financial stability in the Nordic region, according to Ulrik Nodgaard, deputy governor of the Danish central bank. He emphasized the need for financial institutions to brace for an ongoing "arms race" against cybercriminals, as major banks like Nordea have faced daily disruptions to their websites for weeks.

AstraZeneca stock upgraded as analysts shift from sell to neutral ratings

AstraZeneca Plc has shed its last bearish analyst ratings as UBS upgraded the stock to neutral, following a significant share-price decline of around 10% this month. The company now holds 24 buy ratings and seven holds, with no sells, despite ongoing investigations in China impacting sentiment. Analysts from Nordea Bank and Intron Health also raised their ratings, suggesting the recent slump was overdone.
12:05 20.11.2024

AstraZeneca shares rebound as UBS upgrades stock to neutral rating

AstraZeneca Plc has shed its last bearish analyst ratings as UBS upgraded the stock to neutral, following a significant share-price decline of around 10% this month. The company now holds 24 buy ratings and seven holds, with no sell ratings, despite ongoing investigations in China impacting sentiment. Analysts from Nordea Bank and Intron Health have also raised their ratings, suggesting the recent slump in shares was overdone.
12:05 20.11.2024

UBS raises Nordea Bank price target to 144 kronor maintains buy rating

UBS has increased its price target for Nordea Bank Abp from 143 to 144 Swedish kronor while maintaining a "Buy" rating. The adjustment follows the bank's quarterly performance, which met expectations, and reflects moderately higher medium-term estimates, indicating the stock remains attractively valued.
16:25 18.10.2024

UBS maintains buy rating for Nordea Bank with target price of 143 kronor

UBS has maintained its "Buy" rating for Nordea Bank Abp, setting a target price of 143 Swedish kronor. Analyst Johan Ekblom noted that the bank's third-quarter performance met expectations and highlighted the resumption of its share buyback program.
10:53 18.10.2024

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