Danske Markets

There are no major economic data releases due today in either the US or the euro area.In the UK, production and construction data for April is due to be released. This will give us some information...

The Norges Bank Regional Network Survey (RNS) has just been published. The important aggregated output index for the next six months rose to 0.28 (from 0.11 in March) indicating an improved growth...

New issuances were high on the agenda last week as many issuers took advantage of the high demand. However, iTraxx Main widened 6bp over the week, while iTraxx Crossover widened 25bp over the week. We...

During the past month the Fed prepared the markets for an upcoming Fed hike but after the very weak jobs report for May, the market has more or less priced out a Fed hike this summer. Also we think a...

In the US, we dont have any major economic releases.In the euro area, the GDP components for Q1 16 are due to be released today. Overall, GDP growth was solid at 0.5% q/q and we expect the components...

Market Movers After last week's disappointing US job report, the big theme in the market will be when the Federal Reserve will raise its interest rate. The week will contain relatively few economic...

In Sweden, the week ahead is almost void of interesting data: the sole exception being the Swedish National Debt Office (SNDO) publishing May Government net lending numbers (Wednesday, at 09.30...

The latest IMM data covers the week from 24 May to 31 May 2016.To read the entire report Please click on the pdf File Below

Markets are currently too complacent about Brexit risks, in our view, albeit our base case is that the UK votes to stay in the EUThe Fed will be re-priced in the case of 'Bremain' - which together...

The heavy US data calendar continues with the highlight of the week being the labour market report for May. It could very well be pivotal to the market's pricing of a potential summer hike from the...

Sound the alarm.Buy SGB1059 (Nov 2026) in an ASW or against a swap fly. To read the entire report Please click on the pdf File Below

The ECB kept all policy rates unchanged at today's meeting, which was in line with expectations. In the introductory statement, Mario Draghi repeated that the QE purchases are intended to run until...

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 the FX option...

The main focus today will be the ECB meeting - see our preview here. We expect the ECB to maintain its patient stance at the meeting this week and not send any new signals about more easing.In the US,...

Strategy. Our forecast is for a weaker CNY than priced in the forward market and we continue to recommend hedging of receivables. While there are no signs of stress at this point, the risk is that...

The main focus today will be on the ISM manufacturing index for May. Despite the stabilisation in China and a weaker US dollar, the regional surveys and the Markit manufacturing PMI index all indicate...