Nordic equity strategy chart book
May was another volatile month for Nordic equities. Peak hawkishness, robust earnings revisions and negative sentiment could provide a backdrop conducive for a rebound. However, with almost 2%-points of incremental Fed rate hikes expected this year and quantitative tightening at almost double the pace in 2018, the old adage of “Don’t Fight the Fed” remains relevant. We maintain our Neutral equity market stance.
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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