Moderate rise in oil prices expected
Oil prices dropped sharply after the US published a surprisingly weak employment report Friday, but rebounded shortly after as the weak report boosts the case for QE3.
The report suggests that the US economy has still not gained enough momentum to drive down the unemployment rate, and the weak economic growth clearly weighs on oil demand for the largest oil-consuming country in the world.
Nordea’s Thina Margrethe Saltvedt, Senior Macro/Oil Analyst, has just published a comprehensive report on oil prices following recent data from the US.
Follow the link to read the analysis in the Markets Newsroom.
Other news
Nordea is the most popular employer in the financial industry
When 48,000 University students in the Nordic region ranked their ideal employer, Nordea is ranked as number 4 and is the most attractive employer...
CEO Christian Clausen: Nordea divests its Polish operations
In order to meet its financial targets and according to its strategy to concentrate on markets where it can deliver a superior customer experience...
Global Chief Economist Helge J Pedersen on Economic Outlook
In Nordea’s latest Economic Outlook, released on Tuesday, the growth forecasts for Finland and Denmark have been revised down due to the weaker...
Holger Sandte on how current fiscal policy affects growth
Tight fiscal policy by way of spending cuts and tax increases is one of the key reasons why the Euro area struggles to get out of recession.
Drop in Japanese share prices: A healthy recoil
Nordea's Chief Strategist Henrik Lundin gives his thoughts on last weeks drop at the stock market in Japan.
Nordea Private Banking passes milestone of 100,000 clients
For the first time ever the number of Private Banking clients in Nordea exceeds 100,000 in the Nordics.
Casper von Koskull to speak at international event in Copenhagen
Nordeas Executive Vice President joins the event of International Capital Market Association, ICMA
Rodney Alfvén: From the capital of Italy to the capital of Nordea
After a few relaxing days in the capital of Italy it´s time to return to work and the capital of Nordea.
Nordea is perceived as a responsible brand
Nordea is among the most sustainable banks in the Nordic countries according to surveys conducted by Sustainable Brand Index. In Sweden Nordea shows...
Global Chief Economist Helge J. Pedersen: Europe must help itself
Like Baron Von Münchhausen, Europe will have to pull itself out of the swap by its hair.
