Danske Markets

The new proposal on the conversion of Swiss franc loans presented by the president's office on Tuesday is, as we expected, much more modest than the first proposal presented in January, meaning...

The key event today will be the Bank of England's (BoE) rate decision at 13:00 CET. We expect the BoE to cut the Bank Rate by 25bp, down to 0.25%, and look for an expansion in its stock of purchased...

The Swedish krona has seen some terrible weeks (while many of us have had a well-deserved vacation), with EUR/SEK revisiting post-Brexit peaks of around 9.60. It is not entirely clear why.We argue...

High government debt no longer rules out fiscal policy easing, as EU member states and authorities are now paying more attention to counter-cyclical fiscal policy than fiscal sustainability...

We expect the Bank of England (BoE) to announce a substantial easing package on Thursday, including a 25bp rate cut, GBP75bn of additional asset purchases and adjustments of its Funding for Lending...

Final EU Service PMI data for July is due out today (10:00 CET). Also due out are Spanish (9:15 CET) and Italian Service PMIs (9:45 CET). Given the weakness seen particularly in the Spanish...

Jobs report preview We estimate non-farm payrolls rose 175,000 in July in line with consensus of 180,000 , both significantly lower than the large increase in June of 287,000. Changes in non-farm...

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...

UK construction PMI (10:30 CET) may receive more attention than usual given that the final manufacturing PMI fell to 48.2, i.e. nearly four index points from June's 52.1 reading and even posting a...

The drop in EGB yields combined with the -40bp deposit limit pushed the PSPP purchases further out on the curve in July . The monthly average maturity in the PSPP hit a new high of 10.3 years in July...

The European Commission's Spring Eurobarometer survey shows unchanged support for the euro as a common currency.However, the survey should not completely remove the concern that Brexit will increase...

We expect the Bank of England BoE to announce a substantial package of easing measures on Thursday.We expect the BoE to cut the Bank Rate by 25bp, down to 0.25%, and look for an expansion in its stock...

US ISM manufacturing data is due out today and is expected to be unchanged at 53 or slightly higher. The main event this week will be the US non-farm payrolls.No major events or key economic data from...

The EU banking stress test released late Friday was better than feared and should - at least in the short term - reduce tail risk. We do not expect the result of the stress test to be a major game...

The latest IMM data covers the week from 19 July to 26 July 2016To read the entire report Please click on the pdf File Below

The SEK has weakened sharply on Brexit and housing-market concerns.However, valuations and growth are supportive for the SEK, medium term. Positioning and technicals suggest this is a good time to buy...