Nordic equity strategy chart book
November saw broad-based declines across each of the Nordic markets, with all sectors participating to the downside. With the exception of Energy, which was the only sector to record positive earnings revisions in the month, cyclical sectors all underperformed. After looking overbought at the end of October, our Nordic market timing indicator is back to neutral, while the S&P500 now looks overbought after strong performance on the back of tax reform expectations.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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