Danske Markets

Re-escalation of the trade war between China and the US is weighing on global economic outlook We have lowered our projections for global growth to 3.2% in 2019 and 3.4% in 2020 A modest recovery is...

Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and commodities Details To read the entire report Please click on the pdf File Below..

Buy SGB1058 (May 2025) vs SGBi3109 (May 2025) @ 179bp. P/L: 160/194bpThe Riksbank expects inflation, depending on the measure, to stay unchanged or rise in May. We are of the opposite opinion,...

With a first possible start date on Tuesday 11 June (depending on market conditions) Stadshypotek is set to introduce a new SEK covered bond within the benchmark programme, SHYP1589. The coupon rate...

Market Movers aheadWith no movement in the negotiations between the US and Mexico so far, there is a real risk of the US imposing higher tariffs on Mexican imports, although the decision may be...

The ECB's decision today to extend the forward guidance to 'at present levels at least through H1 2020' were on the dovish side of our expectations, but significantly more hawkish than markets...

There is no sign of improvement in the war of attrition between the US and China as the trade war widens in scope. Chinese PMI data for May is mixed but we expect more weakness in the short term....

Market movers today Today's highlight will be the US labour market report. The wage growth figures will be in focus as many FOMC members have opened up for a change in the policy rate during the past...

Market movers today Focus in markets remains on US trade talks - with short-term emphasis on Mexico, see latest here - and speculation of central bank easing for most notably the Fed. Today's...

Close payer position in 1Y swap (P/L: 0bp) and close long position in SGB1047 (Dec 2020) ASW (P/L: +9.5bp).We have argued that, in the wake of the FSA’s LCR proposal published in March, 3M...

Today’s euro area inflation print came in below our estimate and market consensus at only 0.8% (1.3% in April). Headline inflation was 1.2%. We expect core inflation to rebound to 1.0% in...

Market movers today The ongoing ‘Fed Listens’ conference remains the centre of attention, with any interviews/speeches scrutinised for policy hints following the recent days’...

Market movers today Focus continues to be on the US-China trade war, weakening macro data globally and the potential for central bank easing . US ISM manufacturing dropped further yesterday to 52.1,...

FX markets were cornered by a triple blow of a negative oil supply shock, negative trade shock and a negative monetary policy shock in the first week of May, triggering a significant global...

The latest IMM data covers the week from 21 May to 28 May 2019. To read the entire report Please click on the pdf File Below..

Market movers today A busy week already kicked off this morning with the important Chinese Caixin PMI manufacturing. It was surprisingly unchanged in May at 50.2, and with two decimals it even...