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Sampo reports its financial performance under four segments based on its operational business areas. In this blog series, we will introduce all our segments.
The sector's Purchasing Managers' Index rose from 50.9 to 51.5, beating market expectations and indicating growth in production for the ninth consecutive month. However, domestic demand is faltering.
European and US stock markets are coming off a positive week despite interest rate expectations swinging upward once again. On Friday at the Jackson Hole economic symposium, Fed Chair Kevin Warsh sent a clear message that the central bank may still have work to do to curb inflation.
Half a year has passed since the start of the war in Iran, and over 10% of the world's oil production is out of commission. Production problems have been visible to the average consumer, particularly at the gas pump almost everywhere. Some relief for the supply gap has been provided by the IEA's emergency reserves.
Germany's economic growth in Q2 was stronger than expected, and economic figures are showing signs of improvement elsewhere as well. Quite wunderbar, although there is still room for improvement.
Last week was volatile for European and US stock markets. Helsinki saw an increase, but Europe and the United States more broadly saw a decrease. Despite the week of declines, it appears that European stock markets have regained investor favor in August.
The minutes of the Federal Reserve's July meeting, published yesterday, show that the central bank is exceptionally divided. In addition, Governor Warsh is turning towards minimalism, as he wants to decrease the number of meetings.
I wrote in Monday's macro review about the rise in long-term interest rates and the pressure it creates, for example, in the US. The interest rate market is also tightening rapidly in the euro area, where the ECB has been closing its money taps for some time now.
Last week was a rising week for the Helsinki and US stock markets, but the Stoxx 600 index weighed slightly on the downside. The interest rate market has subtly shifted, as elevated growth and inflation expectations, along with increasing government borrowing, have pushed up interest rates.
US inflation is increasingly becoming a non-story. The month-on-month rise in consumer prices almost halted in July. This reinforces the Federal Reserve's "no rush to hike yet" narrative.
Sampo Group continued to deliver strong results in the first half of 2026 driven by broad-based top-line growth combined with strong underwriting margins.
The cost of weather phenomena in Europe this summer has already been estimated at hundreds of billions of euros. Record-breaking heatwaves, drought, and forest fires have hit the same areas simultaneously, and their impact is also visible in economic statistics. The full costs will only materialize years from now.
Just a few years ago, China was a key demand country for German industry. Now it has fallen to the fifth most important export destination, and the gap is widening further.
Last week was a rising week for European and US stock markets. The July employment report from the US, released at the end of the week, revealed vulnerabilities in the economy.
The El Niño weather phenomenon recurs every few years, raising global temperatures, bringing heavy rainfall to South America, and simultaneously causing droughts in Asia. Its effects can also be seen in our wallets.
