Swedish Economic Tendency Indicator (Feb) 100.1 (Prev. 102.9, Rev. From 103)
The February Economic Tendency Indicator for Sweden saw a decline to 100.1 from a revised prior reading of 102.9.
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 Economic Tendency Indicator (Feb) 100.1 (Prev. 102.9, Rev. From 103)
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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This significant drop may suggest weakening economic sentiment, which could imply more cautious growth expectations and influence policy discussions regarding interest rates in the near term.
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