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Top related persons:
Martin Floden - 2 Joachim Agren - 1 Registradores - 1 Espania - 1 Filip Wiqvist - 1 Wiqvist - 1 Jan Soderstrom - 1 Annika Winsth - 1
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Stockholm Sweden Swedish Spain EU Ukraine Turkey Wayne
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Thomson - 2 STOCKHOLM - 1 BCA - 1 Companies - 1 KP Energy - 1 European Union - 1 Technologies - 1 KPMG - 1

Search resuls for: "Floden"


3 mentions found


☆ Twenty years after euro "No" vote, Swedes fret over weak crown
  + stars: | 2023-09-14 | by ( Simon Johnson | ) www.reuters.com   time to read: +6 min
Think Sweden, where a nosedive in the local crown currency over the past 18 months is proving a blessing for used-car dealers and other exporters. Companies like KP Energy, which imports solar panels to sell to trade buyers, cite the damaging effects of higher purchase costs and rising interest rates, which hit household spending. "It impacts us a huge amount when the crown weakens against the euro and when the demand picture changes," its CEO Filip Wiqvist said. A Demoskop poll this week showed 42% would vote "No" to joining the euro, while 34% would support it. Believing the crown is around 20% undervalued, the Riksbank has hedged its own foreign currency exposure in anticipation of future strengthening.
Persons: Joachim Agren, Registradores, Espania, Filip Wiqvist, Wiqvist, Jan Soderstrom, Annika Winsth, SEB, Robert Bergqvist, Martin Floden, Floden, Catherine Evans Organizations: STOCKHOLM, BCA, Reuters, Companies, KP Energy, European Union, Technologies, KPMG, European, NATO, Thomson Locations: Stockholm, Sweden, Swedish, Spain, EU, Ukraine, Turkey
☆ Morning Bid: Beijing tries new ways to lift moribund markets
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +3 min
A look at the day ahead in European and global markets from Wayne ColeChinese blue chips were enjoying a rare rally on Monday after Beijing rolled out more measures to support the market. If sustained that would be the second-biggest daily gain this year, which just goes to show how moribund the market has been. Reuters GraphicsElsewhere, Wall Street stock futures are a shade firmer with the market seemingly relieved that Fed Chair Powell wasn't out-and-out hawkish. So the onus is on the data to show a cool-down, or risk another rate hike. A result like that would see markets again scale back the risk of another Fed hike and offer a much-needed lift to Treasuries, where two-year yields are threatening the year's top - and a major chart bulwark - at 5.12%.
Persons: Wayne Cole, China Evergrande, Gina Raimondo, Powell wasn't, Martin Floden, Fed's Michael Barr, Edmund Klamann Organizations: China, HK, . Commerce, Wall Street, Fed, Atlanta Fed, PMI, payrolls, JPMorgan, Thomson Locations: Wayne, Beijing, Atlanta, Hollywood
☆ Sweden's Riksbank raises rate to 3.50%, says nearly done with hikes
  + stars: | 2023-04-26 | by ( ) www.cnbc.com   time to read: +2 min
Sweden's central bank raised its policy rate by half a percentage point to 3.50% in line with market forecasts on Wednesday and said it was nearly done with policy tightening. While the half-percentage point hike was in line with forecasts, markets cut their expectations of where the Riksbank policy rate will peak to around 3.75% from close to 4.0% prior to the decision. The dovish tilt in policy was underlined by two of the five rate-setters voting for a smaller hike this time. Deputy Governors Martin Floden and Anna Breman wanted a quarter point hike with the flexibility to hike more or less later this year. The central bank said it would continue to focus on new data in determining policy ahead and uncertainty remains high.
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