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Scandinavian Construction Market Set to Slump, Builder Says

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One of Scandinavia’s biggest contractors expects the region’s construction industry to undergo a two-year dive as high interest rates weigh on real estate prices across Sweden, Denmark and Norway, with fewer new projects started.

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Market mind: Dollar glimmers in broad market gloomGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak.
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Market mind: Dollar glimmers in broad market gloomA look at the day ahead in European and global markets from Tom Westbrook German and Spanish inflation data and European consumer confidence data due today ...
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