SEB
May 10, 2026
Week Ahead
Weekly UpdateMacro Economic IndicatorsCommoditiesRates Govt BondsEnergyFinancials
This report previews key economic events for mid-May 2026, highlighting the impact of the Iran war on energy markets and inflation data across the US, Sweden, and Norway.
Key Takeaways
- 1.The war in Iran and the closure of the Strait of Hormuz are driving energy prices and market pricing for policy rates.
- 2.US CPI is expected to show core inflation rising by 0.3-0.4% in April, driven by rents and indirect energy price effects.
- 3.The Swedish Riksbank's May minutes are expected to show diverging views within the Board regarding inflation risks and the rate outlook.
Table of Contents
- Inflation, Riksbank's minutes and geopolitics
- Forecasts & publications
- Key Economic Indicators & Events: 11 – 17 May, 2026
- DEN: CPI (Apr)
- NOR: CPI (Apr)
- NOR: Government revised budget 2026
- US: CPI (Apr)
- NOR: Consumer confidence (Q2)
- SWE: CPI, final estimate (Apr)
- SWE: Riksbank Minutes
- US: Retail sales (April)
- US: Industrial production (Apr)
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Nils JervelandCecilia Kohonen
Securities
Government Pension Fund GlobalZillow Index
Themes
Geopolitical volatility and Energy pricesCentral Bank Forward GuidanceExpansionary Fiscal Policy in Norway
Regions
North AmericaEuropeAsia PacificUnited StatesSwedenNorway