Swedish Krona Eyes More Gains as Nordic Rate Outlook Shifts [Yahoo! Finance]
SWEDBANK AB S/ADR (SWDBY)
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Source: Yahoo! Finance
Vassilis Karamanis and Naomi Tajitsu Fri, Feb 7, 2025, 7:00 AM 2 min read (Bloomberg) -- The Swedish krona's recent surge to a five-week high versus the Norwegian krone may be just the start of a rally, as the central banks of both countries look set to diverge on policy. Most Read from Bloomberg Citadel to Leave Namesake Chicago Tower as Employees Relocate NYC Sees Pedestrian Traffic Increase in Congestion-Pricing Zone Transportation Memos Favor Places With Higher Birth and Marriage Rates State Farm Seeks Emergency California Rate Hike After Fires How London's Taxi Drivers Navigate the City Without GPS The Riksbank is likely to keep interest rates steady until June, according to analysts from Swedbank AB and Danske Bank A/S, after data Thursday showed Sweden's core inflation accelerated more than expected last month. The Norges Bank, meanwhile, has signaled that its first easing move may come in March. Money markets are pricing that the Norges Bank will ease po
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News
- Swedbank (OTCMKTS:SWDBY) had its "underweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- Swedbank (OTCMKTS:SWDBY) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "sell" rating.MarketBeat
- Swedbank (OM:SWED A): Breaking Down the Valuation Behind Recent Share Price Gains [Yahoo! Finance]Yahoo! Finance
- Swedbank (OTCMKTS:SWDBY) had its "underweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Swedbank (OTCMKTS:SWDBY) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat