– This is a further upgrade of the uncertainty, says SEB’s chief economist Robert Bergqvist.
The Swedish krona weakened already in the Friday before the election and have for some time lost as a consequence of the political government of the mess .
– Foreigners sold crowns Friday. They did not sit with that kind of risk in portfolios, says Nordea chief economist Annika Winsth.
And when trading opened in Asia at 21 Swedish time on Sunday evening, the krona weakened by 2-3 cents against the euro and the dollar, even if there were not any major drama, tells Winsth who have been in contact with traders in Singapore.
At the Stockholm Stock Exchange and interest rate market she believes in less reactions when finance houses wake up on Monday.
the would become an uncertain position in government question was already priced in financial markets. And everything now points to make it so.
– It seems like it will be hard to get to it, says Winsth.
Government Negotiations can be difficult and learn pull out at the time.
– It will be shaky just to get to the budget, she continues.
Robert Bergqvist agree.
– Can be a heavy Monday morning for Löfven to wake up to, he says.
He, like Annika Winsth, has been difficult to establish with any certainty on how a future government will look like, if the forecasts stand up as the final result.
– But the main scenario is that S and MP forms the government says Bergqvist.
And that V supports a red-green budget.
– But it also means that we get a very weak minority government, says Bergqvist.
And a weak government will provide much lockups where longer term, the necessary political decisions are difficult to take, reason Annika Winsth.
– The is less politics, she says.
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