Investing.com - Financial Markets Worldwide

Weekly Focus Sweden: Who Will Head The BoJ?‏

ByDanske Markets
Published 02/18/2013, 12:53 AM
Updated 05/14/2017, 06:45 AM
Market Movers ahead

The housing market will be dominating the US calendar next week; new data will be coming in on housing starts, building permits, existing homes sales and the NAHB housing market index.

Minutes from the January FOMC meeting are due for release on Monday; it will be interesting to see whether the discussion about ending the QE program during 2013 continued.

In the euro area, it will be a week with a number of interesting releases: Germany releases ZEW data on Tuesday and IFO numbers on Friday. We expect ZEW to increase from 31.5 to 39, and the IFO expectations index to increase from 100.5 to 101.8. The Italian general election on 24-25 February is likely to be an important market mover.

In Japan, focus next week will be on the possible nomination of a new governor for the Bank of Japan in addition to two new deputy-governors.

In Sweden, inflation is expected to be below the brand-new Riksbank forecast.

Global Update

Euro area GDP growth in Q4 12 was lower than expected and the worst since Q1 09. The flash estimate showed that the overall euro area economy contracted 0.6% q/q in Q4.

The Riksbank kept rates unchanged and signalled no need for further rate cuts. The Riksbank was also very complacent about the latest SEK appreciation contrary to the view put forward by Norges Bank in the annual address.

Focus on the potential currency war ahead of the G20 meeting.

To Read the Entire Report Please Click on the pdf File Below.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.