Inlägg

Frozen Russian assets

Mrs von der Leyen  noted that the eu is moving ahead with a plan to use frozen Russian assets, which amount to some $300bn, to help Ukraine.  The plan uses a complicated financial mechanism to transfer profits from the frozen assets to the Ukrainian government; €1.5bn is to be handed over in July.  Pro-Ukrainian groups have lobbied for America and the EU to confiscate the assets entirely, but that has so far not happened because of worries that it could violate international law. The Economist 11 June 2024 https://www.economist.com/europe/2024/06/11/politics-overshadows-a-conference-to-raise-money-for-ukraine   US and its allies froze an estimated $280 billion of Russian sovereign asset https://englundmacro.blogspot.com/2024/03/us-and-its-allies-froze-estimated-280.html

Börsen 12 juni 2024

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  Överraskande svaga inflationssiffror från USA fick Stockholmsbörsen att rusa under de sista handelstimmarna. Bland annat blev fastighetssektorn vinnare när räntorna föll på bred front. https://www.di.se/live/stockholmsborsen-rusade-av-inflationslattnad/ Federal Reserve lämnar som väntat styrräntan oförändrad på 5,25-5,5 procent.  Räntebanan sänks – Fed-ledamöterna spår nu en sänkning i år. https://www.di.se/live/fed-skruvar-ned-rantebanan-mer-an-vantat/ USA-börser till nya rekord efter inflationsskrällen https://englundmacro.blogspot.com/2024/06/usa-borser-till-nya-rekord-efter.html The EU is set to impose tariffs of up to 38% on Chinese electric vehicles https://englundmacro.blogspot.com/2024/06/the-eu-is-set-to-impose-tariffs-of-up.html VIKTIGT: Om valen i Nord-Korea, Iran och Sverige   https://englundmacro.blogspot.com/2024/06/viktigt-om-valen-i-nord-korea-iran-och.html Wall Street föll tillbaka från dagens toppnivåer men avslutade handelsdagen med mestadels uppgångar efter en pos

Many people took advantage of the rising rates, but many others didn’t.

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About $17.5 trillion sits in commercial banks, for example, and the average savings account earns 0.45% in interest a year, according to the Federal Deposit Insurance Corporation. The amount of cash in money-market funds has grown to record highs and currently sits at $6.4 trillion, an increase of more than $1 trillion from 2022.  Both individual investors and institutions are drawn to the liquidity and high yields of this type of fund, which typically works by investing in short-term debt securities like Treasury bills. Wall Street Journal 12 June 2024 https://www.wsj.com/personal-finance/interest-rates-savings-yield-money-a4674253 Money-market funds swell to record $5.4 trillion as savers pull money from bank deposits https://englundmacro.blogspot.com/2023/03/how-federal-reserve-drained-financial.html

Hong Kong sees $270 billion property wipeout since 2019.

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The five-year property downturn is emblematic of a steady loss of faith in the city’s status as Asia’s premier financial hub. Xi Jinping’s crackdown on freedoms in the former British colony — which began in the wake of the 2019 pro-democracy protests and expanded with the passing of a security law in March — have fueled a retreat by expats and international companies that once fueled demand for real estate.  Tensions between Beijing and Washington have thrown into doubt Hong Kong's role as a connector of Western capital with Chinese firms, while also heightening the threat of American sanctions over Taiwanese sovereignty and financial links with Russia. Bloomberg 11 June 2024 https://www.bloomberg.com/news/features/2024-06-11/hong-kong-property-downturn-erases-270-billion-as-rout-drags-on-5-years China seals Hong Kong’s failed-state fate https://englundmacro.blogspot.com/2024/03/china-seals-hong-kongs-failed-state-fate.html

USA-börser till nya rekord efter inflationsskrällen

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  Wall Street drar en suck av lättnad och handlar upp de ledande börsindexen till nya rekordnivåer efter att USA:s majinflationen sjunkit oväntat.  https://www.di.se/live/usa-borser-till-nya-rekord-efter-inflationsskrallen/ The core consumer price index — which excludes food and energy costs — climbed 0.2%  The year-over-year measure rose 3.4%  A separate report Wednesday, combining the inflation data with figures on wages published last week, showed real earnings growth increased 0.8% from a year ago, the most in three months. Bloomberg 12 juni 024 https://www.bloomberg.com/news/articles/2024-06-12/us-inflation-broadly-cools-in-encouraging-sign-for-fed-officials

The EU is set to impose tariffs of up to 38% on Chinese electric vehicles

The EU currently levies a 10% tariff. The announcement prompted a warning of retaliation by Beijing.  The United States is due to levy a 100% import tax on Chinese-made electric cars, up from the current 25%, which will effectively keep Chinese automakers out of the US market.  Deutsche Welle 12 June 2024 https://www.dw.com/en/eu-tariffs-put-further-pressure-on-chinas-ev-makers/a-69273527  ”Det här är baserat på tydliga bevis från vår omfattande undersökning och är i full överensstämmelse med WTO:s regler”, säger handelskommissionär Valdis Dombrovskis. ”Vi är fortfarande en global förkämpe för en öppen, regelbaserad och rättvis handel. Men när våra partners bryter mot reglerna kommer vi att hävda våra rättigheter” DI 12 juni 2024 https://www.di.se/nyheter/eu-bekraftar-hojda-elbilstullar-men-ger-kina-andra-chans/

Framtiden för EU ser mörk ut

Följde man SVT:s valvaka i söndags kunde man tro att det plötsligt hållits extraval till den svenska riksdagen Det ska inte förnekas att procentfördelningen mellan de svenska partierna var intressant, inte minst som ett slags kvalificerad opinionsmätning.  Men det verkligt viktiga i söndags ägde rum någon annanstans. EU:s bärande balkar, Tyskland och Frankrike Det är fullt möjligt att vi i söndags såg början till ett sönderfall för det EU vi tagit för givet: den liberala demokratins bastion i en värld av tyranni och grymt godtycke. Vindbryggan har fällts ner och portarna öppnats för de trojanska hästarna. Det har i olika medierapporter funnits en förvåning över att Le Pens parti är störst också i den yngsta väljargruppen. Den unge, vältalige partiordföranden Jordan Bardellas omvittnade Tiktok-virtuositet (1,4 miljoner följare) lyfts gärna, säkert med rätta, fram som en av förklaringarna. Men i letandet efter orsaker till att unga väljare attraheras av nationalistiska och högerradikala

VIKTIGT: Om valen i Nord-Korea, Iran och Sverige

 Alla länder genomför val för att stärka de styrandes legitimitet. Även EU genomför val, fastän det inte är, men gärna vill bli, ett land. Länderna försöker hålla valdeltagandet uppe. Det skulle ju se illa ut om alltför många medborgare protesterade genom att utebli.  Det är därför intressant att valdeltagandet i Sverige uppgick preliminärt till 50,7 procent, en tydlig tillbakagång jämfört med 2019 då valdeltagandet var 55,3 procent. Under de senaste EU-valen har det svenska valdeltagandet stadigt stigit, men nu har den trenden brutits. Om vi tar det i runda slängar och rundar av det till 50 procent betyder det att moderaterna, som fick nästan 18 procent av de röstande, bara fick nio procent av de röstberättigade att gå till valurnorna. Folkpartiet, som numera kallar sig Liberaler och vill ansluta oss till euron utan att fråga folket, fick stöd av cirka två procent av folket. Det fina för makthavarna med att hela tiden ange valresultatet i procent av de röstande är att det alltid blir

“When they paint you as Attila the Hun, you might reassure people simply by being Giorgia Meloni.”

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  Though she takes a gentler approach to disarming critics than the fifth century despot, she has been swift to set the agenda in Europe. She’s won round a skeptical Joe Biden and earned the grudging respect of Olaf Scholz and Emmanuel Macron.  After a benign period where the country’s had great success wooing bond investors, a mounting debt pile more reminiscent of the bad-old-days is threatening to cause ructions. The European Commission is poised to declare the country to be in breach of bloc-wide spending rules, turning the spotlight on its dysfunctional economy. Officials unveiled a deteriorating fiscal outlook in April, when they acknowledged the trajectory for Italy’s debt had shifted to one where borrowing will rise for years to come. The IMF now reckons that Italy’s debt pile will breach 140% of output as soon as next year, while it sees that ratio in the wider euro zone falling slightly to 88.3%. European Commission President Ursula von der Leyen will attend the G-7 talks at

The latest potential black swan: a fracturing of the Franco-German axis.

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  The bad news is that the OATS Spread (the gap between the yields of 10-year bonds issued by France, known as OATS for obligations assimilables du Trésor, and German bunds) is back at the center of discussion.  S&P was uncomfortable with the levels of French debt as a share of gross domestic product.  France’s general government debt-to-GDP ratio has become the third-highest in the euro area after that of Greece and Italy. Bear in mind that the likes of Ireland, Portugal and Spain were all swept up in the eurozone’s sovereign debt crisis just over a decade ago.  If France’s position looks more stretched than theirs, that is concerning.  Greece came very near to leaving the eurozone back in 2015.  The crucial difference is that while the exit of a small and peripheral economy was just about conceivable, that doesn’t apply to France. Once in office, politicians tend to try to stay there, which means not doing anything too stupid.  The Rassemblement years ago dropped the idea of leav

The head of France’s conservative party Republicans called for an alliance with the far right in upcoming snap elections,

... breaking a longstanding taboo and throwing his party into deep turmoil as the shock waves from President Emmanuel Macron’s decision to dissolve the lower house of Parliament coursed through the country. No leader of any mainstream French political party has ever previously embraced a possible alliance with Marine Le Pen’s National Rally, or its predecessor, the National Front.  But across Europe, barriers to what was long regarded as the extreme nationalist right have been falling as those parties have adjusted their positions and as a broader consensus has formed that large-scale illegal immigration across a porous European Union border must be curbed. New York Times 11 June 2024 https://www.nytimes.com/2024/06/11/world/europe/france-conservatives-far-right-alliance.html  

Börsen 11 juni 2024

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  Economic Data Paint a Picture of Two Americas https://englundmacro.blogspot.com/2024/06/economic-data-paint-picture-of-two.html Utlandsfonder sänker kronan?  https://englundmacro.blogspot.com/2024/06/utlandsfonder-sanker-kronan-juni-2024.html   EU skjuter upp nya bankregler https://englundmacro.blogspot.com/2024/06/eu-skjuter-upp-nya-bankregler.html Pimco Warns of More US Regional Bank Failures on Property Pain https://englundmacro.blogspot.com/2024/06/pimco-warns-of-more-us-regional-bank.html The great American boom is finally running out of steam, leaving mountains of debt Ambrose Evans-Pritchard  https://englundmacro.blogspot.com/2024/06/the-great-american-boom-is-finally.html Apple adds $215 billion in market cap Tekniksektorn, som väger tungt för Nasdaq var dagens vinnare medan bland annat banker och industribolag gick sämre. Revansch för Apple på blandade New York-börser (di.se) CNN Fear & Greed Index https://edition.cnn.com/markets/fear-and-greed US Bond Yields https://eng

EU skjuter upp nya bankregler

Planen var att EU den 1 januari 2025 skulle implementera de globala bankreglerna Basel III.  Dessa ställer bland annat krav på bankernas kapital, i syfte att undvika en finanskris liknande den som utbröt år 2008. DI 11 juni 2024 https://www.di.se/live/uppgifter-eu-skjuter-upp-nya-bankregler-efter-kritik/ Less than 15 months after the world’s most recent banking crisis, regulators in the US and Europe are already poised to rol back reforms aimed at reducing the risk of further financial disasters. It’s a serious mistake Bloomberg Editorial 5 June 2024 https://englundmacro.blogspot.com/2024/06/regulators-in-us-and-europe-roll-back.html

Economic Data Paint a Picture of Two Americas

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   “Consumers are strong, our consumers that we chase are especially resilient and strong,” Mark Kempa, chief financial officer of Norwegian Cruise Line Holdings, said The upper cohort in the U.S. mostly own their homes, and the lion’s share are likely sitting pretty with ultralow mortgage rates taken out or refinanced during the pandemic. They are also benefiting from an effervescent stock market, including downright euphoric valuations for anything associated with the promise of artificial intelligence.  They also aren’t struggling with high rates on credit card or auto loans. Instead, high interest rates are actually supplying them with record levels of investment income  It is this cohort, whether by splurging on vacations or further bidding up Nvidia shares, that is making it harder for the Federal Reserve to get comfortable cutting rates. Aaron Back Wall Street Journal 8 June 2024 https://www.wsj.com/economy/consumers/economic-data-paint-a-picture-of-two-americas-fb10e908 America

Pimco Warns of More US Regional Bank Failures on Property Pain

Expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real estate loans on their books. “The real wave of distress is just starting” for lenders to everything from malls to offices, John Murray, Pimco’s head of global private commercial real estate team, said in an interview.  His division sits within Pimco’s $173 billion alternatives business.  The turmoil has been particularly felt among regional banks, which boosted their CRE exposure that in many cases is now worth only a fraction of their value at their peak.  Smaller banks have continued to worry investors ever since the collapse of a few last year.  Earlier this year, US Bancorp, the largest regional bank by assets, increased its provisions for credit losses in the first quarter to $553 million. Bloomberg 11 June 2024 https://www.bloomberg.com/news/articles/2024-06-11/pimco-warns-of-more-regional-bank-failures-on-commercial-property-pain Kontorsvakanserna i USA fortsätter upp

Utlandsfonder sänker kronan? juni 2024

Fondförvaltarna jublar: Nytt miljardrekord i maj Nya sparpengar fortsätter att strömma in i aktie- och räntefonder. I maj sattes nästan lika många miljarder in som årets första fyra månader tillsammans  Redan i januari det samlade fondsparandet över totalt 7 000 miljarder svenska kronor  Nu, fem månader senare, har ytterligare totalt 81,9 miljarder adderats i nytt sparande. Den samlade fondförmögenheten i Sverige uppgår nu till rekordhöga 7 740 miljarder kronor när även årets värdeutveckling summeras. Av den totala fondförmögenheten är 5 278 miljarder (motsvarande 68 procent) placerade i aktiefonder. Den absolut populäraste kategorin både i maj och för 2024 som helhet är globalfonder. DPS 11 juni 2024 https://www.dagensps.se/fonder/fondforvaltarna-jublar-nytt-miljardrekord-i-maj/ Svenska sparare som har investerat i fonderna kan glädjas åt att kronan under en längre tid har försvagats https://englundmacro.blogspot.com/2024/04/svenska-sparare-som-har-investerat-i.html Utlandsfonder sänk

The great American boom is finally running out of steam, leaving mountains of debt

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Nvidia alone is holding up the universe. The record does not look so good when you adjust for immigration. Real disposable income per capita is down 0.5pc over the last year. That may explain why so many voters are in such a bad mood.  The American economy is not as strong as we all thought. Growth has slowed to stall speed over the last four months. It looks like a hardish landing after all. “The US economy is clearly slowing down, and in our base case it is headed for an outright contraction,” said Andrew Hollenhorst, Citigroup’s US chief economist. If so, US Treasuries, German Bunds, and UK Gilts are massively mispriced. So are BBB junk bonds trading at an average wafer-thin spread of 1.09pc, matching the extreme complacency seen before the global financial crisis. Citigroup says the Fed will be forced to cut interest rates in July and then at every meeting until mid-2025. Investors must navigate these treacherous waters with great care. Well-timed calibrated Fed rate cuts and a sof

Moderaterna valresultatet – 17,6 procent – inte mycket att yvas över

Det innebär att i stort sett inga av de nästan fem procentenheter av väljarna som i detta val lämnade C och KD fångades av M, och att den samlade borgerligheten i ännu ett val blödde väljare och tappade representation. Inte heller de två procentenheter av väljarna som sedan förra valet lämnat SD tycks i någon större utsträckning ha gjort det för M. Kräftgången i storstäderna fortsätter. Moderaterna lockade enligt det preliminära valresultatet bara 17,3 procent i Stockholms stad, akterseglade av både S 19,1 och MP 20,6 (!). I samtliga storstäder – Stockholm, Göteborg och Malmö – ligger Moderaterna under sitt rikspolitiska valresultat, och lockar färre väljare än två eller rentav tre rödgröna partier Efter en seger för Ukraina finns alla möjligheter att bygga ett större och stabilare Europa, enade av fred, frihet och frihandel. Mattias Svensson SvD 11 juni 2024 https://www.svd.se/a/alWe4M/europa-behover-modigare-moderater

This Record Stock Market Is Riding on Questionable AI Assumptions

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  Just four giant technology stocks added more market value than the rest of the S&P 500 put together this month. More than half of the gain came from Nvidia. The threat to Nvidia’s share price is therefore about threats to its earnings. There are four risks: Demand falls because AI is overhyped. Competition reduces prices. Nvidia’s biggest supplier, Taiwan Semiconductor Manufacturing, might want a bigger slice. TSMC actually makes the chips.  What if scale doesn’t matter? AI may be a big deal, but it’s unlikely to pan out the way people seem to think. James Mackintosh Wall Street Journal 30 May 2024 https://www.wsj.com/finance/stocks/this-record-stock-market-is-riding-on-questionable-ai-assumptions-cb890703 Nvidia’s meteoric rise https://www.marketwatch.com/story/this-chart-shows-nvidias-meteoric-rise-as-jensenity-continues-a453c5f1

”Macron vill vara de Gaulle, men kan sluta som Chirac”

Det usla resultatet för Macrons parti avspeglar ett utbrett missnöje med presidenten och hans regering, som redan saknar stöd av en majoritet i nationalförsamlingen och därför har svårt att styra landet.  Högerextrema Nationell samlings framgång är exceptionell, men ilskan finns också till vänster och EU-valet innebär också ett slags återkomst för Socialistpartiet. Macron ställer frågan om vem som ska styra Frankrike på sin spets. I stället för att låta regeringen fortsätta att harva på och kanske nötas ned ytterligare blåser presidenten till strid och utmanar sin huvudmotståndare, Marine Le Pen.  Macrons strategi är alltså riskfylld. ”Han vill vara de Gaulle, men kan sluta som Chirac”, kommenterade en fransk politiker som talat med Le Monde. Om Nationell samling får leda Frankrike skulle de stänga landets gränser, börja särbehandla människor som inte är franska medborgare, sätta stopp för fler EU-medlemmar och förstöra det samarbete som skapades för att omöjliggöra krig mellan Europas

RE: Differensen är realränta

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  Nils Åkesson DI 11 juni 2024 https://www.di.se/nyheter/powells-rantedilemma-sval-konjunktur-och-envis-inflation/

Some economists think 4% would give the Fed more room to get out of downturns

Low inflation, extremely low interest rates and the tepid economic recovery following the 2008 financial crisis had led some prominent economists to push for a much higher target inflation rate than 2%.  The problem, as they saw it, was that the real natural interest rate—the inflation-adjusted rate that was just right to keep the economy running smoothly—had fallen.   If a recession hit, the Fed didn’t have much scope for cutting rates before hitting zero.  This “zero lower bound” problem meant that the Fed would need to turn to less potent ways to stimulate the economy, such as asset purchases.  As a result, economic recovery would be halting, with millions of workers again cast into long periods of joblessness. Olivier Blanchard, then the chief economist of the International Monetary Fund, in 2010 suggested a 4% target would do the trick.  Even as the Fed’s favored inflation measure has moderated from the 7.1% hit in June 2022, prices are far higher than they were before the pandemi

Svegfors om Edin, Anders Ferm, Tomas Fischer, Rolf Englund och kronkursförsvaret

Detta fann jag i dag på min blogg. https://englundmacro.blogspot.com/2017/10/svegfors-om-kronkursforsvaret.html

Börsen 10 juni 2024

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  Après moi, le déluge?’ Macron https://englundmacro.blogspot.com/2024/06/apres-moi-le-deluge-macron.html Giorgia Meloni has emerged as the big winner of the European election results in Italy, taking 29 per cent https://englundmacro.blogspot.com/2024/06/giorgia-meloni-has-emerged-as-big.html Some economists think 4% would give the Fed more room to get out of downturns https://englundmacro.blogspot.com/2024/06/some-economists-think-4-would-give-fed.html The Role of Monetary and Fiscal Policies in Recent Bank Failures https://englundmacro.blogspot.com/2024/06/the-role-of-monetary-and-fiscal.html Who’s Next in Line After President Kamala Harris? https://englundmacro.blogspot.com/2024/06/whos-next-in-line-after-president.html Det blev ett surt slut på måndagshandeln med Stockholmsbörsen tydligt ned för dagen. Fallet blev brett med enbart en handfull aktier på plus  https://www.di.se/live/rod-stangning-pa-borsen-kinnevik-i-botten-av-omxs30/ CNN Fear & Greed Index https://edition.cnn.co

Air-Conditioning Gives Us a False Sense of Security

Why heat waves are the harbinger of what’s to come. My name is Jeff Goodell. I’m a climate journalist, and I’m the author most recently of a “New York Times” bestseller called “The Heat Will Kill You First, Life and Death on a Scorched Planet.” https://www.nytimes.com/2024/06/06/opinion/heat-wave-air-conditioning.html?showTranscript=1 https://www.nytimes.com/2024/06/06/opinion/heat-wave-air-conditioning.html The Heat Will Kill You First: Life and Death on a Scorched Planet by Jeff Goodell | Goodreads When the core temperature of our bodies rises too high, the proteins in our cells begin to unravel.  Jeff Goodell New York Times 8 July 2023 https://englundmacro.blogspot.com/2023/07/when-core-temperature-of-our-bodies.html

Flygandet ökar och oljebranschen jublar

Flygplanen fylls med semesterfirare och himlen fylls än en gång av vita kondensstrimmor. Efter pandemins tuffa år är världens flygtrafik på  väg att nå nya höjder – och bränsleförbrukningen likaså.  Enligt International Air Transport Association förväntas rekordmånga passagerare resa i år med fullsatta plan som använder enorma bränslemängder.  Data från Bloomberg visar att 10,5 miljoner flygningar är planerade för tredje kvartalet  DPS 10 juni 2024 https://www.dagensps.se/bors-finans/flygandet-okar-och-oljebranschen-jublar/ Flygets framtid vid Climate Change Massturism  https://englundmacro.blogspot.com/2024/04/iata.html

The Role of Monetary and Fiscal Policies in Recent Bank Failures

Sheila Bair (Chair) Joyce Chang, Charles Goodhart, Lawrence Goodman, Barbara G. Novick, and Richard L. Sandor October 16, 2023 https://www.centerforfinancialstability.org/research/CFSMonPaper101623.pdf

Who’s Next in Line After President Kamala Harris?

 Elections are in the hands of voters, not journalists and pundits.  That became clear in 2020, when Mr. Biden benefited from interconnecting unexpected events—political missteps by Mr. Trump, economic uncertainties caused by the pandemic, and a media eager to forgive his basement hideaways.  So what happens if Joe Biden is re-elected? By any measure of common sense, Mr. Biden’s mental acuity and physical stamina won’t carry him through a second term.  A President Kamala Harris is the specter before the U.S., which raises many interesting questions. The obvious one is whether Ms. Harris is fit for the office.  Her meager poll ratings and the widespread suspicion of her capabilities have dominated her years as vice president.  Mr. Khachigian was chief speechwriter to Ronald Reagan and is author of the memoir “Behind Closed Doors: In the Room With Reagan and Nixon,” forthcoming in July. Kenneth L. Khachigian Wall Street Journal 7 June 2024 https://www.wsj.com/articles/whos-next-in-line-a

Giorgia Meloni has emerged as the big winner of the European election results in Italy, taking 29 per cent

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  That is more than the 26 per cent the party won when it formed the government in the autumn of 2022. The projected results consolidate Ms Meloni’s position at home and boost her standing internationally. Her party has won around four times the vote that it garnered in the last EU election in 2019, illustrating a remarkable rise in popularity. Telegraph 10 June 2024 https://www.telegraph.co.uk/world-news/2024/06/10/giorgia-meloni-italy-european-elections/ The continent-wide support for the right is driven by hostility to mass migration from the southern hemisphere,  ... to which no government appears to have a credible response.  Few politicians of the center and left dare to tell voters the truth — that the migrant flood can only increase, given the demographics of Africa and consequences of climate change. Europe’s big story — what should rightfully have been the central issue of these elections — is its severe economic decline, relative to Asia and the United States. ince securing

Börsen öppnar neråt

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  Snart 6 juni, när den goda sidan landsteg för att befria "Festung Europa" https://englundmacro.blogspot.com/2014/05/snart-6-juni-nar-den-goda-sidan.html

Röd-grönt på Söder

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  Så röstade Sverige i EU-valet 2024 – se hur det gick i ditt kvarter | SvD MP blir största parti i Stockholm Miljöpartiet ser ut att bli största parti bland Stockholms stads väljare i EU-valet, enligt preliminära siffror. Partiet får drygt 20,5 procent och är när endast ett fåtal distrikt återstår att räknas omkring en procentenhet större än S, som också går framåt. Centerpartiet, Kristdemokraterna, Sverigedemokraterna och Moderaterna ser alla ut att backa i Stockholm. EU-valet 2024 – SvD liverapporterar | SvD

Minskat valdeltagande i EU-valet

Det svenska valdeltagandet uppgick preliminärt till 50,7 procent när det återstod drygt 500 valdistrikt att redovisa. Och det är en tydlig tillbakagång jämfört med 2019 då valdeltagandet var 55,3 procent. Under de senaste EU-valen har det svenska valdeltagandet stadigt stigit, men nu har den trenden brutits. https://www.svd.se/a/OoQaLl/eu-valet-2024-svd-liverapporterar Preliminärt valdeltagande Totalt antal röster: 4 014 227  Valdeltagande: 50,7 %  https://resultat.val.se/euval2024/EU?r=P&t=0