Danske Markets

This note summarises the observations from our attendance at the IMF's annual meetings. In total, we met with 20 IMF mission chiefs on advanced economies and emerging and frontier markets.While seeing...

In Sweden the labour force survey (including the unemployment rate) is due to be published on Thursday at 09:30 CEST.The Swedish Debt Office has decided to tap in both the SGB May '25 and the SGB Nov...

Today, focus will be on US industrial production figures for September. Manufacturing production declined in August, in line with a sharp decline in the ISM manufacturing index. As the ISM...

The latest IMM data covers the week from 4 October to 11 October 2016To read the entire report Please click on the pdf File Below

Inflation data overnight points to further easing of deflationary pressures in China . In combination with concern over bubbling house prices and rising financial risks, it puts monetary policy firmly...

Today in the US, the retail sales figures for September are due out. While growth in core retail sales (control group) was strong in Q2, it was slightly negative in both July and August. It is the...

We do not expect any new announcements from the ECB at the meeting next week. President Mario Draghi will, in our view, balance his tone, reflecting the economic resilience to political uncertainty on...

Last week, Bloomberg ran a story that, according to 'ECB sources', the ECB was considering tapering its current EUR80bn a month QE programme (scaling down bond purchases). The ECB has been eager to...

New reasons to exploit flatteners.Short end back in focus - close swap fly and receive 4Y1Y or buy 5Y covered bonds. To read the entire report Please click on the pdf File Below

Most USD estimates unchanged Since our June update, the MEVA estimates for all USD crosses are basically unchanged. Thus, EUR/USD is still undervalued, with MEVA suggesting 1.27 as a fair medium-term...

Market movers today Today, we have a thin calendar in terms of global data releases. Focus in the US today will be on the initial jobless claims figures and Fed member Patrick Harker (non-voter,...

The FOMC minutes from the September meeting confirm that we are dealing with a very divided FOMC and that there is a 'bird fight' among the hawks and doves in the FOMC.We do not change our Fed call...

In the US today, the FOMC minutes from the September meeting are due out. The committee looked very divided at the September meeting with three members voting for an instant hike and three members...

USD/CNY has jumped higher to close to 6.72 after the market opened again following the Chinese holiday last week. The move has gained some attention as the 6.7 level was seen as an important one that...

The main release today are the German ZEW expectations. Yesterday, Sentix investor confidence surprised on the upside and we believe we could see the same picture for ZEW expectations as it should be...

With less than one month to Election Day on 8 November, it is time to take the temperature of the election campaign. Prior to the first TV debate, the presidential election seemed like a close race...