Swedish Business Confidence (Feb) 104.7 (Prev. 106.4)

Swedish business confidence has declined to 104.7 in February from a previous level of 106.4, indicating a potential softening in the economic outlook.

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EUROPEAN OPEN: ALV GY profit rises, starts new buyback; DTE GY beats on German, US growth; PUM GY reports loss, scraps dividend; STLAM IM swings to loss on EV charges; RR/ LN to return up to GBP 9bln to shareholders; US-Iran talks ahead

European Movers: Rolls Royce (RR/ LN) +11.5%, Engie (ENGI FP) +5.5%, London Stock Exchange Group (LSEG LN) +3.7%, Schneider Electric (SU FP) +1.8%, Munich Re (MUV2 GY) -2.3%, UCB (UCB BB) -2.8%

Swedish Business Confidence (Feb) 104.7 (Prev. 106.4)

The third round of US-Iran nuclear negotiations begin in Geneva, Al Arabiya reports citing Fars News

Swiss Non Farm Payrolls (Q4) 5.544 (Prev. 5.532)

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Context

This drop may suggest shifting sentiments among businesses that could influence future investment and consumption decisions, impacting growth expectations and potentially affecting the Riksbank's monetary policy stance. Traders should monitor how this data may affect SEK movements and broader European sentiment.

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