Nordea warns Middle East war-driven oil spike rekindles global inflation fears
SPY•Nordea flags renewed inflation risk
Nordea’s September 2026 Economic Outlook flagged renewed inflation risk as the Middle East war pushed oil prices higher.
Central banks were described as reassessing policy, with rising bond yields tightening financial conditions.
The report pointed to an AI-driven investment boom supporting activity and equities, while warning it is creating new market risks.
Denmark was characterized as stable, though global uncertainty was expected to weigh on the multi-year outlook.
