Danske Markets

New research from Danske Bank Markets In December, global central banks have been setting the direction for the global fixed income markets in 2016. First out was the ECB and Mario Draghi on 3...

Market movers ahead In the US , minutes from the December FOMC meeting are due to be released at the beginning of the new year and will be analysed closely for the future rate hike cycle. The US jobs...

New research from Danske Bank Markets Markets are still pricing Fed too dovish in our view with the next hike not priced until June. Short-end US rates should rise in coming months with most of the...

Following the recent very intense days with a rate hike in the US (Wednesday) and monetary policy meetings in Norway (Thursday) and Japan (Friday morning), we are in for a relatively quiet day in...

New research from Danske Bank Markets As we expected, Norges Bank this morning left rates unchanged at 0.75%. However, the long end of the revised rate path was even more dovish than we had...

This is the final edition of Reading the Markets, Sweden this year. We have listed all our trade recommendation throughout the year - see the tables at the end of the report. In total, we have made 51...

Overall, we believe Fed and Chair Janet Yellen succeeded in being neither too hawkish nor too dovish, which is reflected in the muted market reaction.The median 'dots' now signal four hikes in both...

We expect Norges Bank (NB) to leave rates at 0.75% but it has admittedly become a very close call - in our view close to even odds - amid the renewed collapse in the oil price, which could trigger...

The Finnish outlook remains weaker than in the rest of euro area. We now expect GDP to grow 0.6% in 2016 mainly on the back of exports and construction. Finnish manufacturing should be able to benefit...

The UK labour market report released today was mixed. On the one hand, the unemployment rate (3M average) declined to 5.2% in October from 5.3% in September - the last time it was lower was in January...

Today is the day when we and markets expect the Fed to start lift-off delivering the first rate hike in nine years, see FOMC preview, we expect a dovish hike 14 December. The Fed has been challenged...

We revise down our expectations for the number of Fed hikes. We now expect three hikes in 2016 (previously four) while we still expect four hikes in 2017. The reason we now expect one hike...

UK CPI inflation in November was back in positive territory for the first time since July . It increased to 0.1% y/y in November from -0.1% y/y in October. Core inflation increased to 1.2% y/y in...

Main event in Scandies will be the Riksbank meeting where a rate cut cannot be ruled out, see Scandi Markets.Otherwise the key market drivers continue to be developments in the oil market, the stress...

Last week saw a continued deterioration in risk sentiment on the back of a further decline in the oil price and an increase in defaults. At one point yesterday Brent traded below its lowest closing...

- The economic, inflation and global outlook have been roughly in line with NB's projections. - Lower global rates and higher money market spreads are counteracted by a weaker exchange rate and a...