| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| WATCH | — | The Swedish Finance Minister and business leaders are backing an inquiry into adopting the Euro, likely commencing after the September election. Business leaders favor the Euro to eliminate currency volatility and deepen integration with their largest trade partners. A move toward adoption signals a pro-business structural shift and geopolitical "safety flight" into the EU bloc, which typically compresses risk premiums for Swedish assets. Watch for the September election results; a pro-Euro government victory would be a catalyst for Swedish equities (EWD) as currency risk diminishes. The general public remains skeptical; a referendum failure (like 2003) would reverse sentiment. | — | |
| WATCH | — | Sweden is "warming" to the Euro to bind itself to a "big economic bloc" amidst threats from Russia and uncertainty regarding US foreign policy (Greenland claims). If the inquiry proceeds, the market will begin pricing in a convergence of the Swedish Krona (SEK) to the Euro (EUR). Historically, candidate currencies stabilize or appreciate toward their peg rate prior to accession. Monitor the EUR/SEK cross. A credible move toward adoption is structurally bullish for the SEK (Short EUR/SEK) as it aligns with the stronger Eurozone core. Memories of the Eurozone debt crisis could lead to a public rejection, causing SEK volatility to return. | — |