The housing market has become a very hot topic in Sweden. In the coming week we have Maklarstatistik (06:00 CET) and, even more importantly, KTH-Valueguard (09:00 CET) October property price data published on Tuesday 14 November.
October inflation is also set to be in focus this week. Our CPIF estimate for October is in line with the Riksbank's, i.e. 1.9% y/y. However, this estimate rests on the assumption that charter (and international airline tickets) behave normally. This said, we see significant downside risk in charter packages.
Ongoing economic key figures have painted a more mixed picture of the Norwegian economy of late. Hence, the level of uncertainty surrounding this Tuesday's GDP figures for Q3 is slightly greater than usual. We maintain our estimate of 0.7% q/q growth in mainland GDP in Q3, which is marginally higher than Norges Bank's estimate (0.6%).
In Denmark , the only significant release in the coming week is Statistics Denmark's GDP indicator for Q3 on Wednesday. We estimate GDP growth of 0.5% in Q3.
The week also bring the usual taps in the Danish 3Y and 10Y benchmark bonds. We have redemption and coupons in the coming week and demand for the short-end of the curve should be particularly strong.
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