After the election: The crown weaker – Aftonbladet

After the election: The crown weaker – Aftonbladet

The uncertainty after the election hitting the economy.

The Swedish krona has weakened.

– But we will feel it in a very small range says SEB’s chief economist Robert Bergqvist.

As early as Friday, the Swedish krona and since then it has weakened further.

At eight o’clock in the morning, 9:26 crown against the euro and 7:15 against the dollar, although the Swedish market had not opened fully then.

“Is uncertainty”

The reason to the crown falls: The uncertain political situation.

– Investors and investors evaluate risk. A weak government means that it can be difficult to push through the policies they want and there is an uncertainty. You do not want to be in the country with the uncertainty, says Nordea chief economist Annika Winsth.

She believes that the market still was quite prepared for the end of the Swedish parliamentary elections.

– I think that the crown may be a few points weaker initially, but I do not think we have any huge drama in the day, she says.

Stock Exchange opened down

The krona has weakened making such as goods imports rising in price.

– But the Swedish economy is not totally wrong the krona. If the krona remains weak, it is good for the export industry, says Robert Bergqvist, SEB’s chief economist.

Neither he nor Annika Winsth think the stock market will be affected by the election results, although the Stockholm Stock Exchange opened down on Monday morning.

– It need not be a direct effect of the election in Sweden. Just today it is an international trend that stock markets go down, says Robert Bergqvist.

“Uncertainty is short-sighted”

In general, he says, it is a large percentage company on the Stockholm Stock Exchange as are more dependent on the economies of other countries than Sweden – Swedish and savers need to change tactics because of the election results.

– I would not do it. Uncertainty is short-sighted. Will normally placement perspective of the average citizen, in terms of electoral results, we see no reason to change how the equities and fixed income.

Robert Bergqvist think that situation will be pending for some time.

– I think there is an uncertainty that will pass. But exactly how it will land, we know only a few weeks.