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Swedish production data due out at...........>

SWEDEN
SWEDEN: Swedish production data due out at 8:30BST. Private sector production is
expected to rise 0.2%M/M in March after a flat Feb print with a 1.8%Y/Y increase
expected. Remember that this is a very volatile series and the Y/Y growth rate
was as high as 5.1% in Dec but fell to 1.2% in Feb.
- The Minutes of the last Riksbank meeting are also due to be published
following the April 25 meeting where the repo rate path was revised down
substantially. With this in mind there will be a dovish undertone and Danske
have highlighted that they will "pay extra attention to how the "neutrals", as
opposed to notoriously dovish Jansson and long-term hawks Ohlsson and Floden, on
the board were motivated in their dovish turn."

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