Danske Markets

Market movers today Today, we get Danish foreign exchange reserve figures for April, which may well attract some attention, as the Danish krone has been trading relatively weak in April and not far...

Key takeaways As expected, the Fed left the target range unchanged at 2.25-2.50% and overall there were no major changes to the policy signals (Powell said the IOER rate cut was a technical adjustment...

In China, economic data have shown signs of a moderate recovery. While Q1 GDP beat expectations with an increase of 6.4% y/y (consensus 6.3%), we saw PMI manufacturing fall back slightly again in...

Market movers today Today's main event is the FOMC meeting tonight; however, the Fed has stated that it is on hold, so we expect it to keep the target range unchanged at 2.25-2.50%. Moreover, we get...

Effective Fed funds was 2.44% on Friday for the sixth straight day on tight USD liquidity. Next round of further tightening of USD liquidity likely to come in mid-June. We still see value in hedging...

Chinese PMI came out weaker than expected (see charts for details) but as we wrote in China Weekly Letter on Friday, the rebound in March data was probably too good to be true and some correction in...

Market movers today Today we have a lot of important data releases across markets, with a slight disappointment in PMIs out of China (see below) setting the scene for the day. In the euro area, we are...

Following the Riksbank's decisions to reinvest parts of its bond holdings (SEK45bn until December 2020), postpone the first rate hike to late this year or early 2020 and flatten the repo rate path, we...

Market movers todayMarkets will continue to digest yesterday's Spanish election result (see below). In the euro area the economic confidence indicator for April is due out and it shall be interesting...

Our forecast on EUR/SEK, lower for the 1-3M horizon toward 10.20 and then higher over the 6-12M horizon toward 10.50, was based on a macro call in which the Riksbank would come across as hawkish at...

The latest IMM data covers the week from 16 April to 23 April 2019 To read the entire report Please click on the pdf File Below..

With an expected start on 26 April (depending on market conditions) SCBC is set to introduce a new benchmark loan (ISIN: SE0012481349) that matures on 12 June 2024 and will fit in between the existing...

Market movers today In the US , we get the first estimate of GDP growth in Q1 today. We expect to see a more or less unchanged GDP number for Q1 relative to Q4, 2018. However, a lower than expected...

Low for long 2.0 (sigh). Announced reinvestments likely to put further pressure on SGBs. ? Renewed SEK bashing in the cards. TradesLoss taken , sell SGB1061 ASW (Nov 2029). Loss 2bp. In light of...

US and China aim for trade deal in late May March data better than expected but downside risk to April data African swine fever crisis could give significant boost to inflation Xi addresses concerns...

Market movers aheadAlthough the euro area economy continues to show signs of weakness, we expect a slight acceleration in the Q1 growth rate released next week. Both headline and core inflation are...