Latest news with #SEBAB
Bloomberg
12-05-2025
- Business
- Bloomberg
Swedes' Housing Optimism Weakens With Lower Consumer Confidence
Optimism among Swedes over the direction of home prices is waning as the Nordic country continues to grapple with economic headwinds and the prospect of slowing growth. A housing-price indicator from SEB AB, Sweden's largest lender, fell by 2 points from the previous month to 34 in May, as 47% of respondents believe prices will gain, compared with 13% anticipating a decrease.
Bloomberg
29-04-2025
- Business
- Bloomberg
SEB's Investment Banking Fees Offset Softness in Lending Profit
Swedish lender SEB AB reported slightly better-than-expected profit from lending helped by lower borrowing costs on wholesale funding. Net interest income in the first quarter fell 11% from a year ago to 10.5 billion kronor ($1.1 billion), the Stockholm-based lender said on Tuesday. Analysts polled by Bloomberg had forecast 10.4 billion kronor on average.
Yahoo
26-02-2025
- Business
- Yahoo
US Oil Steadies in the $60s as Dour Economic Sentiment Weighs
(Bloomberg) -- Oil traded slightly lower as US President Donald Trump delayed plans to impose tariffs on Canada and Mexico, while easing geopolitical tensions raised the prospect of an increase in global crude supply. The Trump Administration Takes Aim at Transportation Research NYC's Congestion Pricing Pulls In $48.6 Million in First Month Shelters Await Billions in Federal Money for Homelessness Providers New York's Congestion Pricing Plan Faces Another Legal Showdown NYC to Shut Migrant Center in Former Hotel as Crisis Eases West Texas Intermediate futures pared losses to trade near $69 a barrel after briefly dipping as much as 0.8%. Trump pushed back the deadline for levies on imports from the major US trading partners, which were set to go into effect next month, to April 2. The White House also confirmed plans for Ukrainian President Volodymyr Zelenskiy to visit the US, signaling to traders that Russia's crude may flow more freely in the near future if a peace deal is reached, while Iraq reached a pact with the Kurdistan region to resume oil exports. Oil's slide was limited by a bullish government report Wednesday that showed US oil inventories dropped 2.33 million barrels, the biggest decline in two months and a steeper drop than the 600,000-barrel decrease projected by an industry group. Crude has dropped about 5% this month as Trump's aggressive moves on trade stoked investor anxiety at a time when traders were already concerned about lackluster consumption in China. The diesel market is also showing signs of US demand weakness, with futures for the fuel sinking as much as 3% after inventories swelled the most since early January. 'Trump actions are hurting consumer and business confidence, which again will weaken actual consumption,' said Bjarne Schieldrop, chief commodities analyst at SEB AB. The uncertainties over tariffs have eclipsed the lift from fresh sanctions against Iranian flows, as well as expectations that OPEC+ will once again defer a plan to progressively raise output, currently slated to start in April. 'Tariffs and counter-tariffs have the potential to weigh on the oil-intensive part of the economy, which creates uncertainty over demand,' Morgan Stanley analysts including Martijn Rats said in a note. 'We expect OPEC to extend its current quota beyond April, likely keeping production broadly stable.' Trading volumes were muted with some market participants attending International Energy Week in London, a major industry gathering, where they are set to weigh the outlook for oil this year. To get Bloomberg's Energy Daily newsletter in your inbox, click here. Trump's SALT Tax Promise Hinges on an Obscure Loophole Walmart Wants to Be Something for Everyone in a Divided America Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience China Learned to Embrace What the US Forgot: The Virtues of Creative Destruction Meet Seven of America's Top Personal Finance Influencers ©2025 Bloomberg L.P.
Bloomberg
29-01-2025
- Business
- Bloomberg
SEB Lending Income Beats Estimates on Currency, Deposit Effects
Swedish lender SEB AB reported better-than-expected profit from lending as positive currency effects and lower deposit costs offset the impact of cuts to central bank policy rates. Net interest income in the fourth quarter fell 11% from a year ago to 10.8 billion Swedish kronor ($984 million), the Stockholm-based lender said on Wednesday. Analysts polled by Bloomberg had forecast 10.6 billion kronor.
