Danske Markets

Market Movers Focus will be on the release of euro area PMIs. So far, the manufacturing PMI seems broadly unaffected by the weakness in emerging markets, even though we have had a couple of months...

Draghi had a very dovish tone today and surprisingly opened the door for a deposit rate cut. Based on this, we now expect the ECB to cut the deposit rate by 10bp at the meeting in December, to keep...

Three pieces of negative news in a row for the Swedish fixed income market: risk of increased bond supply, the Riksbank changes the collateral rules and wage-demand coordination between unions breaks...

• EUR/GBP has dropped substantially since 13 October• Strategically, we remain bearish on EUR/GBP• Tactically, we take profit on the trade prior to the ECB meetingStrategyOn 13 October...

Today's release of retail sales in September was the last major data publication before the first estimate of GDP growth in Q3 is out next week. We estimate GDP growth slowed to 0.5% q/q in Q3 from...

Market Movers Today's main event is the ECB meeting. The pressure for further easing is building but we expect the ECB to keep its powder dry today. The latest comments from prominent ECB members have...

Based on evidence from a model of the DKK real effective exchange rate and our MEVA model applied to the EUR/DKK bilateral exchange rate, we argue that fundamental, rather than speculative, factors...

The slowdown in US jobs growth, the continued lack of wage inflation and emerging market concerns are likely to keep the Fed off the trigger a while longer and we now expect the first Fed Funds rate...

Our key takeaways from the Riksbanks proposal for changed collateral rules are as follows.1. Decreased likelihood of QE where the Riksbank buys covered bonds. 2. The motive behind the move is in...

Negative rates look to have created an incentive for taxes to be paid before deadline.That makes changes in banks' net position less predictable than normal and may thus influence expectations of...

Market Movers On a day with a very thin calendar in terms of data releases focus will be on US MBA mortgage applications. The overall picture is of a US housing market continuing to benefit from a...

Russia's economic contraction is likely to have bottomed in Q3 15.Import substitution is supporting local production. Russian consumer turmoil continues. To Read the Entire Report Please Click on the...

EUR/SEK dip below 9.30 was short-lived as we expected.However, at the current EUR/SEK level, the Riksbank will not cut rates on 28 October. Our 1M EUR/SEK forecasts is 9.40. We will look to sell in...

Market Movers Today's calendar for economic data releases is relatively thin. Main focus will be on US monetary policy as Fed's Dudley (voter, dovish), Powel (voter, neutral) and Fed Chair Yellen will...

Uneventful week in Nordic credit marketsNew issue activity in the Nordic region still subdued Scandi High-Yield Handbook published on the 15 October To Read the Entire Report Please Click on the pdf...

A quantitative run through of the Swedish fixed income market, starting with the Riksbank and money markets before moving on to government and mortgage bonds. To Read the Entire Report Please Click on...