Nordea expects global stocks to return 5%-15% over next 12 months

• Nordea maintained its forecast for global equity returns of 5%-15% over the next 12 months following the US midterm elections.
• The election prompted no changes to its GDP, inflation or interest-rate forecasts.
• AI investment is expected to continue as markets see tough regulation of AI and data centers as unlikely.
• About 400 data centers under construction or already permitted are unlikely to be affected, though new projects could face delays.
• Stronger AI investment could intensify competition for capital, pushing long-term interest rates higher, particularly hurting low-growth, highly indebted countries.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordea Bank Abp published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.