Danske Markets

Chinese data this morning was a touch weaker than expected but nothing that points to an overall hard landing. The data overall still paints a picture of stabilisation. However, there is still no sign...

In the UK, focus is on CPI inflation in December. We estimate that CPI inflation was unchanged at +0.1% y/y in December, while CPI core inflation declined to 1.1% y/y from 1.2% y/y in November.Also,...

The trend from the first week of the year was repeated last week with very low risk appetite. Indeed, the sell-off makes it one of the weakest starts ever. The most significant message from investors...

EUR/NOK. The NOK development continues to be heavily tied to how the economy is doing and thereby the oil price. A key part of the Norwegian transition phase is a weaker currency. We still expect the...

This week the scorecard recommends buying SEK, EUR and GBP while selling NZD, USD and AUD.Last week's signals resulted in a 1.5% loss as the Scorecard was caught on the wrong leg in the negative risk...

The PBoC has stepped up efforts further to stem CNY depreciation by imposing a reserve requirement ratio on offshore deposits. On Friday 15 January 2016, Premier Li Keqian reiterated that China aims...

Iran is set to return to the oil market following the removal of sanctions and will seek to raise production and exports back to pre-sanction levels.The anticipated return of Iran's oil is likely...

Today, US markets are closed due to Martin Luther King Jr. Day. There are no important data releases during the day.However, during the week several important data releases and events are due. On...

The Swedish agenda is completely empty in terms of statistics next week. The market is instead likely to focus on the possibility of Riksbank actions, primarily in the form of a rate cut and/or...

The latest IMM data covers the week from 05 January to 12 January 2016 To read the entire report Please click on the pdf File Below

China and oil have been driving the sell-off in risky assets.Lower oil prices reflect supply factors as well as expectations of falling demand. China needs a weaker exchange rate - we expect EUR/USD...

A calendar of key events in the Commodities Market for the week ahead.To read the entire report Please click on the pdf File Below

We expect the ECB to express a patient view. Given the market pricing of additional rate cuts, the meeting could disappoint if Mario Draghi does not point to further rate cuts.Chinese Q4 15 GDP...

Today's calendar of economic data releases is dominated by US data that will tell us more about how the US economy is doing. The main theme in the US economy is the slowdown in the manufacturing...

As expected, the Bank Rate and the stock of purchased assets were unchanged at 0.50% and GBP375bn, respectively. The rate vote count was unchanged at 8-1.There was not much news in the minutes. The...

Rate cut in February (at the latest).Tactical adjustment: we move our long positions further in on the money market curve. To read the entire report Please click on the pdf File Below