Danske Markets

The latest IMM data covers the week from 23 August to 30 August 2016To read the entire report Please click on the pdf File Below

In Sweden , the week ahead contains the Riksbank's monetary policy decision (Wednesday at 09:30 CEST). We expect the Riksbank to stay on the sidelines. The reason of course is that inflation has...

Overall, the jobs report was to the weaker sideNonfarm payrolls rose 151,000 in August, just marginally above the increase in April, which is considered a weak month. This said, the weaker employment...

Market movers ahead Next week we are due to get a number of services sector PMI figures. In the US, we expect ISM non-manufacturing PMI to continue to indicate strong growth in the services sector. We...

With the relatively weak job report today and weak ISM number yesterday, we believe the Fed is unlikely to hike rates in September.Yet, the market is still assigning a relatively high probability of a...

The SEK has been one of the worst performing currencies of all in recent months.The surge in EURSEK is partly, but far from fully, justified by macro developments. Short-term valuation and technicals...

Riksbank on the sidelines (for now)To read the entire report Please click on the pdf File Below

Today, focus will be on the US labour market report for August, which will be important for the Fed's rate decision but it is less interesting with ISM manufacturing below 50 (see more below). We...

FX Quant Strategy provides a quantitative overview of the currency market, including several valuation tools and monitors, focusing on the FX options market.This week we recommend two FX option...

In the euro area, manufacturing PMIs for Spain and Italy will be released today. The flash estimate for the euro area showed a slight decline in manufacturing PMI to 51.8 from 52.0 but overall the...

In the US, the main release due today is the ADP private jobs report ahead of the official jobs report on Friday.The jobs report on Friday is an important release ahead of the FOMC September meeting,...

The market backdrop for European credits remains favourable. Last week saw further inflows in both European investment grade and high yield funds. The ECB's CSPP continued with daily purchase volumes...

Today, we will get the first set of information about inflation in the euro area in August with the release of the German and Spanish figures. In line with our aggregate euro area forecast, we expect...

Today, focus is on the US PCE inflation figures. The Fed's preferred measure for core inflation - PCE core inflation - is due for release and we estimate the index rose 0.1% m/m in July, implying an...

The latest IMM data covers the week from 16 August to 23 August 2016.To read the entire report Please click on the pdf File Below

In Sweden, the week ahead contains another batch of interesting data. On Monday (at 09.30 CEST) Statistics Sweden (SCB) publishes July retail sales, where we expect decent year-on-year growthOn 31...