Market movers ahead
The reaction from Danmarks Nationalbank this week does not look to have had significant impact on EUR/DKK. Hence, the market will keep an eye on potential further steps to weaken the DKK.
Talks between Greece and the EU are set to continue next week and, in our view, the EU summit is likely to have the Greek situation as the main topic.
Euro area GDP growth for Q4 14 is due to be released and we expect an improvement to 0.5% q/q, from 0.2% in Q3.
In Sweden, next week is mainly about the Riksbank's monetary policy decision, when we admit there is a big risk the Riksbank will take action.
Global macro and market themes
Danmarks Nationalbank cut the key policy rate by 25bp to minus 0.75%.
Euro area growth is set to surprise on the upside this year.
Risk assets are underpinned by robust global growth in H1.
German yields are lower on demand for long duration.
Crude Oil prices have bottomed.
China joins the easing wave.
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