*Q2 adjusted EBIT 6.0 bln SEK vs forecast 5.3 bln. STOCKHOLM, July 17- Truck maker Volvo said its efforts to reach its cost-cutting target were being hampered by a weak Swedish crown, and warned it expected little growth in its crucial North American market in coming years. Volvo, locked in fierce rivalry with Germany's Daimler and Volkswagen, is seeking to cut 10...» Read More
Swedish lender, SEB, has reported an 18% rise in Q1 operating profit. CFO Jan Erik Back says there's been "swings and roundabouts."
*Q1 pretax 4.7 bln SEK vs consensus 4.4 bln. *Slow start to Q2 as March 1-21 sales rise 9 pct. STOCKHOLM, March 24- Hennes& Mauritz, the world's second-biggest fashion retailer, reported a bigger than expected rise in profits over the last three months but cautioned that the strong dollar would increasingly affect costs this year.
Some central banks have cut interest rates into negative territory to eke out economic growth, but unintended, counterproductive outcomes may emerge.
Amid a low inflationary environment worldwide, central banks will likely do more hence the rate cut by Sweden's central bank wasn't totally unexpected, says Dominic Bunning, FX strategist at HSBC.
Buying negative-yield bonds -- or paying to lend money -- looks like a fool's game, but six types of investors have joined the play, JPMorgan said.
Swedes would like more substantial welfare benefits, said Prime Minister of Sweden Fredrik Reinfeldt.
Daryl Guppy, CEO, Guppytraders.com looks at Nymex versus Brent crude, and finds that there is convergence in the trading behavior, but not in prices.
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The Swiss National Bank has trimmed its big euro position, taking downward pressure off the currency.
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Don't look now, but Norwegian housing prices are on a tear.
Investors know what they want, and it isn't the G4 currencies.
The European Central Bank holds its interest rate fire, but Sweden cuts - it's time for your FX Fix.