Bloomberg Sweden’s economy shrank more than initially reported in the first quarter, partly as a result of sluggish levels of exports and upward revisions to statistics in previous years. Gross domestic product contracted 0.8% in the three months through March from the prior quarter, the first decline since the fourth quarter of 2020, Statistics Sweden said. That compares with ...

  Bloomberg Denmark’s unemployment rate fell to the lowest level in almost 14 years in a signal the Nordic nation’s labor market remains resilient to surging inflation and the fallout from the war in Ukraine. The gross unemployment rate dropped to 2.4% in April, the lowest since June 2008, according to Statistics Denmark. The latest drop means only 70,000 people ...

  Bloomberg Stocks in Europe and the US equity futures struggled for direction amid a debate over the scale of central bank monetary policy tightening needed to fight the inflation. Europe’s Stoxx 600 Index surrendered early gains as investors assessed cheaper valuations against the record jump in euro-zone consumer prices. Among individual moves, bootmaker Dr Martens Plc surged after its ...