Danske Markets

In line with our expectation, the Bank of England (BoE) made no policy changes at its May meeting and reiterated its neutral stance by repeating it could move 'in either direction' .However, against...

Market movers today German GDP growth for Q1 is due for release today and we estimate strong growth of 0.6% q/q, up from 0.4% q/q in Q4 16, as business sentiment has shown optimism throughout Q1,...

Market Movers ahead We estimate a rise in UK CPI inflation in April to 2.8% y/y. Despite higher inflation, we still see the Bank of England on hold for a long time and expect wage growth to remain...

Chinese growth is slowing down - and the downside risks from financial stress are rising.This points to a weaker global cycle, less tailwind to risk assets and downward pressure on bond yields. We do...

A calendar of key events in the Commodities Market for the next two weeks.To read the entire report Please click on the pdf File Below

Market movers today Focus continues to be on Scandinavian inflation with release of the Swedish figure for April. We estimate inflation took a leap up, above the Riksbank's estimate due to seasonality...

Trade: Steepen MAR19/MAR20 and receive FRAMAR18 at 73bp. P/L: 88bp/60bp. 3M roll down: +10bp (long end: 6bp + MAR18: estimated 4bp). How likely is it that the Riksbank will adhere to its current repo...

Market movers today With a thin global calendar, focus is on Scandinavia inflation with the release of the Danish and Norwegian figures for April. The Danish figure should be unchanged but the...

Fading political uncertainty implies the way has been paved for a more hawkish communication from the ECB at the meeting in June bringing renewed market focus to the ECB's exit strategy.The ECB has...

Danske Bank's DKK EMPI signals continued modest downward pressure on EUR/DKK following the French presidential election.We forecast EUR/DKK to trade around 7.4400 on 1-12M. We recommend Danish pension...

The snap UK election on 8 June is not expected to create any additional uncertainty for the GBP, but it has implications for the Brexit outcome and the overall risk assessment of the sterling.In our...

In this piece we conduct a 'deep dive' into the Scandi currencies within the Danske G10 Medium-term Valuation (MEVA) model. EUR/SEK: MEVA captures SEK movements well and model deviations have been...

It is set to be a very quiet day in terms of data releases. Worth keeping an eye on is German industrial production in March, which we expect declined modestly after two strong monthly increases. Note...

In Sweden we have minutes from the last monetary policy meeting (with the surprising decision to extend the QE programme) released on Wednesday (at 09:30 CEST).Thursday (at 09:30 CEST), we receive the...

A calendar of key events in the Commodities Market for the next two weeks.To read the entire report Please click on the pdf File Below

The latest IMM data covers the week from 25 April to the 2 May 2017To read the entire report Please click on the pdf File Below