Danske Daily - 18 May 2015

Published 05/18/2015, 02:17 AM
Updated 05/14/2017, 06:45 AM

Market Movers

We expect the Swedish Riksbank to cut the repo rate by 10bp today at its non-policy meeting and see a risk of a larger cut.

In terms of data, the calendar is light with only the US NAHB index for May on the agenda. The housing market has been the bright spot in US data recently and consensus is for a one notch increase in the NAHB index.

Greece is likely to get some attention this week as comments ahead of the EU summit in Riga on 21/22 May show that negotiations will be tough.

Other key events this week are the minutes from the April FOMC meeting (Wednesday), BoE minutes (Wednesday), the US CPI report (Friday), Fed Chair Yellen's speech on the US economic outlook (Friday), Markit PMIs (Thursday), German Ifo (Friday) and the BoJ monetary policy meeting (Friday) and Q1 GDP (Thursday).

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