Sweden

A French press report warned that S&P could put France on negative credit watch within a couple of weeks. Moody's warned that all 27 EU countries are at risk from the euro zone debt crisis. Moody's also placed subordinated debt,…

Capital preservation has once again has become mantra. The safety offered by Japan and Switzerland are meeting resistance from policy makers. As the market looks for alternatives, the Swedish krona has much to offer, including a relatively…

The results of the Irish stress tests are going to be released this afternoon at 430PM Irish time. I will be talking about the implications for investors in European markets on CNBC's Power Lunch show. I think one has to be cautious…

By Marc Chandler The Swedish krona is surging today. Hawkish central bank comments have offset disappointing retail sales figures and there is some talk of some month-end related demand. The euro recorded multi-year lows against the…

Europe is engulfed in a financial crisis that is also becoming a political crisis.  Sweden stands out as an exception and we affirm our expectation of the krona's out performance in period ahead. Sweden's economy contracted 5.3% last…

I am still in catch-up mode this morning but I wanted to highlight a few points on the Irish bailout. The first has to do with the European stress tests. If you recall, the two Irish banks tested were Bank of Ireland and Allied Irish…

The Germans are planning to put forward a plan to change  guidelines to the stability and growth pact (SGP) to give it more teeth. The sense in Berlin is that the SGP, which limits budget deficits to 3% and debt-to-GDP to 60%, has been…

While the US and the UK are contemplating double dip, the export oriented economy in Sweden seems to be doing quite well.

The Swedish krona remains a market darling.  Over the past 3-months it neck-to-neck with sterling as the strongest G10 currency, up about 7.75% against the dollar and about 4% against the euro.   It has strong macro-economic…

Highlights The US dollar is generally softer, consolidating yesterday’s moves.  In fact, the three best performers yesterday and for the month of June, namely the Swiss franc, British pound and Japanese yen, are the laggards…