Market Outlook: Falling Swedish GDP and mixed euro area inflation
Behind us is a dismal stock market week. In the United States, the Dow Jones Industrial Average of leading listed companies closed down 2.99%, while the Stoxx Europe 600 lost 1.42% and Stockholm’s OMXS30 large cap index dropped by 1.91% between February 17 and February 24. Fresh new gross domestic product (GDP) figures came from Statistics Sweden (SCB) show that Sweden's GDP fell more than expected by a leading analyst survey. Later this week, we look forward to new inflation figures from the euro area and its heavyweight countries.