Danske Markets

Market Movers German HICP inflation, which is released ahead of the euro area figure tomorrow, should be dragged down by the oil price decline and we expect it to reach -0.3% y/y in September. The...

Our models suggest a slowdown in job growth in September to 180,000. This is below the recent trend of more than 200,000 new jobs created per month but still enough to put additional downward pressure...

This week the scorecard recommends buying NOK, AUD and CAD while selling GBP, EUR and JPY.Last week's signals resulted in a 2.2% loss. Especially the long NOK and SEK positions were expensive. Next...

The latest IMM data covers the week from 16 September to 22 September 2015. Short EUR/USD became a slightly less crowded trade in the week ending 22 September albeit overall positioning remains...

Market Movers Today, NY Fed president Dudley, who is an influential member of the FOMC, will give his view on monetary policy followed by Chicago Fed President Evans later in the day and San Francisco...

In Sweden, the week ahead will provide more information on both how the export industry and the retail service sector (both released Monday, 09:30 CEST) are performing.We argue that it is now time to...

Market movers ahead The main event next week is the US job report. We expect job growth slowed to 180,000 in September. Job growth will need to drop below 160,000 before the Fed will see it as an...

Federal Reserve not likely to start hiking until December 2015The ECB will need to extend its asset purchase programme Overweight liability duration on the EUR curve Hedge USD-denominated income via...

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.

Market Movers Euro money supply and bank lending figures are due for release. The progress seen in these figures might suggest a small upside risk to economic growth in H2. This could follow if higher...

The Emerging Markets have become the weak link in the global economy and represent the biggest risk factor currently.We look for Chinese growth to stay around 6½-7% in the coming years, while...

We see an attractive risk/reward in long-dated ASW spreads in SGBs. Our favourite pick is SGB1058 (May 2025).To Read the Entire Report Please Click on the pdf File Below.

As we expected, Norges Bank this morning decided to cut the sight deposit rate by 25bp. The revised rate path, however, was even more dovish than what we had anticipated suggesting a high likelihood...

Market Movers Norges Bank meeting to take centre stage in Scandi markets. We look for a rate cut, whereas market pricing and consensus are for unchanged rates. For details see Scandi markets, page...

Denmark: Global turbulence takes shine off recovery - Recovery set to continue but at a slower pace than previously forecastSweden: Exports slowly taking over - Domestic economy likely to cool a...

Euro manufacturing PMI declined to 52.0 from 52.3 in line with consensus. Given the weakness in China and EM we had expected a larger decline and it seems that the domestic economy so far remains...