Danske Markets

In Sweden, the week ahead is packed with interesting data. It kicks off with the NIER's consumer and business confidence surveys (Wednesday, 09:00 CET) where spirits have been running high recently....

Market Movers ahead Norway will likely be the centre of attention next week, with the so-called oil investment survey due on Tuesday. Falling oil prices since last summer have already had a negative...

Our MacroScope models, which provide systematic macro signals, have turned more positive in November.Based on historical performance, this is supportive for risk assets, particularly equities, and...

There have been several ECB and Fed speeches this week and today is no different. We continue to listen carefully to what the ECB and FOMC members have to say. Most important is the speech from ECB...

Stronger labour market - saving the government budget?FRA curve is still too steep - which gives a significant roll-down. Still no snow in Stockholm but STIBOR fixings are falling. To Read the Entire...

The minutes of the October 27-28 FOMC meeting were more or less as expected and thus the market reaction was limited. Due to the very strong jobs report for October we think a December hike is more or...

ECB and Fed continue to be in the spotlight ahead of their important meetings in December. There are several speeches scheduled for today and we will listen carefully for any comments on monetary...

The main event today is the release of the FOMC minutes from the October meeting. Here we will get more details on why the Fed flagged a clear tightening bias. The FOMC revealed that it will determine...

Last week we saw a less benign sentiment in the credit markets. Indices widened slightly, reversing several weeks of a tightening trend. The iTraxx main widened by some 2bp ending at +74bp. The high...

On the data front, we are looking for German ZEW expectations to have risen to 8.2 from 1.9. October's CPI in the UK and the US may also attract some attention today. We are looking for a slight drop...

Receive SEK 1Y1Y vs EUR 1Y1Y @ +6bp. P/L : -10bp/17bp. Roll down +7.5bp/3m. Swedish SGBs have underperformed significantly recently, due to supply woes and foreign selling. This has been contagious...

EUR/NOK. Short-term risks remain skewed on the upside, as markets have priced out the probability of another Norges Bank rate cut in 2015 and as we approach year-end, when NOK liquidity tends to...

Global central banks will set the direction for global fixed income markets in 2016 at their monetary policy meetings in December. Meetings at the ECB (3 December), Bank of England (10 December), the...

This week the scorecard recommends buying JPY, USD and NOK, while selling GBP, CHF and EUR.Last week's signals resulted in a 0.1% gain. Especially the short EUR and CHF and the long AUD positions...

Market Movers Financial markets will open for the first time today following the horrific terrorist attack in Paris on Friday. ECB's Constancio, Draghi and Coeure will speak during the day and the...

In Sweden, the week ahead is mainly about labour markets as Statistics Sweden publishes the labour force survey (including unemployment rate, employment, hours worked) on Thursday (at 0930 CET). Due,...