DCSIMG

Steen Grøndahl

My name is Steen and I'm the Head of Global Research for Nordea - overseeing all the research Nordea creates about the global markets.

I've previously been a money manager for a number of years in Luxembourg and worked as an economist and a strategist in both the Scandinavian and European markets. I have a B.Sc. and a M.Sc. in economics from the University of Copenhagen and I'm a CFA Charterholder.

I'm married, have one child, two dogs, love to read (mostly history), have just signed up to compete in my first bike race this summer (my wife thinks I need it ;-) ) and have a broad taste in music from Mozart to Metallica.

Italy

Italian politics in a dead end – any way out?

Published date: 26 Feb 2013
The one thing that seems clear after the Italian election is that nothing is clear at all and uncertainty will linger on. As Bersani put it: Italy is in "a very delicate situation."
Starting blocks

NEMO: Ready, set, go

Published date: 9 Jan 2013
Financial markets are off to an impressive start to 2013. While we are still looking for fairly slow growth in Europe we recommend staying long risk. Read also what we like and do not like in Scandinavian financial markets and why we like Swedish government bonds, Danish mortgage bonds and think financials might do well.
rocks

Economic Outlook Global – Here comes the sun

Published date: 29 Nov 2012
UPDATE! Now with link to web presentation. Winter equinox marks the day when the days are shortest—and from then on days become longer. The same can be said of the global economic development. In spite of the growth in 2012 has been slightly weaker than expected we still see economic growth improving. We have lowered our growth forecasts for 2012 and 2013 marginally but upped our 2014 forecasts.
Eiffel Tower

France: Next stop Waterloo?

Published date: 20 Nov 2012
France was downgraded to Aa1 by Moody's last night. Market reaction has been muted but France has major challenges. No immediate problems but we worry that too little is being done to generate growth in France.

February

Voters say ‘NO’! Do politicians listen?

Published date: 26 Feb 2013 | Analyst: Steen Grøndahl

Another European election where the dissatisfied voters flocked to a character who wants to change everything but have no real idea as what to put in its place. This is a worrying sign.

Italian politics in a dead end – any way out?

Published date: 26 Feb 2013 | Analysts: Holger Sandte, Anders Svendsen, Aurelija Augulyte, Christian Börjesson, Steen Grøndahl

The one thing that seems clear after the Italian election is that nothing is clear at all and uncertainty will linger on. As Bersani put it: Italy is in "a very delicate situation."

January

NEMO: Ready, set, go

Published date: 9 Jan 2013 | Analyst: Steen Grøndahl

Financial markets are off to an impressive start to 2013. While we are still looking for fairly slow growth in Europe we recommend staying long risk. Read also what we like and do not like in Scandinavian financial markets and why we like Swedish government bonds, Danish mortgage bonds and think financials might do well.