Nordic Alert: No Progress Anywhere

SEB reports on stalled market progress driven by US military action in the Strait of Hormuz and new US tariff threats against the EU. Norges Bank raised rates to 4.25% while the Riksbank held steady.

Key Takeaways

• 1.Escalating geopolitical tensions between the US and Iran, including reported military attacks, are weighing on global market sentiment.
• 2.Norges Bank hiked the policy rate by 25bps to 4.25%, while the Riksbank kept rates unchanged despite Middle East risks.
• 3.The US labor market report (Payrolls) for April is the day's primary focus, with 65k new jobs expected.

Table of Contents

• Global key stories
• Nordic key stories
• Today's key events
• Market data

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