Danske Markets

Market movers today In Germany we expect the ZEW indicator to have improved markedly to 64.0 in February from 48.4 in January. Our call is substantially above consensus and if we are right, this...

Recent data suggests consumers are extraordinarily cautious - we take down our forecast for Q1 private consumption growth. Lower investments in the Crude Oil and gas extraction industry are feeding...

EUR/NOK: We expect EUR/NOK to move temporarily higher in the coming month towards 8.65 on the back of Norges Bank cutting rates by 25bp. We expect the Norwegian economy to hold up well while the oil...

IMM positioning data released on Friday revealed short-covering in the currencies with the largest notional outstanding in the report, namely EUR, JPY and GBP. This has consequently reduced the...

This week the scorecard recommends buying USD, SEK and NOK while selling NZD, CAD and GBP. Last week's signals resulted in a 0.7% loss. In particular, the short NZD and CAD positions were expensive....

Japan's GDP expanded 0.6% q/q in Q4 14 (consensus: 0.9% q/q, Danske Bank Markets: 1.1% q/q) after contracting 0.6% q/q in Q3 (revised down from -0.5% q/q) and 1.7% q/q in the previous two quarters....

Market movers today The main event today is the Eurogroup finance minister meeting in Brussels where the main topic is a possible extension or modification of Greece's bailout programme that is set...

In Sweden, the week ahead will be about one thing and one thing only - the January consumer price index (Tuesday at 09:30 CET). We expect an unusually sharp fall in prices compared to December 2014,...

The euro area economy expanded 0.3% q/q in Q4 up from 0.2% q/q in Q3. This was a bit below our expectation (0.4%) but above consensus expectations (0.2%). The sub-component details have not been...

Market MoversWe expect euro-area GDP growth for Q4 to surprise on the upside with an increase of 0.4% q/q from 0.2% in Q3. We will not get details on sub-components but we expect the major driver to...

The Riksbank goes negative and does QE -- says more rate cuts could come and bond purchases could be expanded substantially if needed. January inflation close to the Riksbank's forecast. New...

The Bank of England's inflation report released today was relatively mixed, with a quite dovish short-term focus on inflation but also a more confident view on the medium-term outlook for the UK...

Euro GDP growth: We estimate the economy expanded by 0.4% q/q, which is above consensus of 0.2% q/q. The main driver of our above-consensus expectation is higher growth in private consumption. ...

Contrary to our expectations, Sweden's Riksbank cut the repo rate to -0.10 % and the fine-tuning deposit rate to -0.20%, restoring the corridor. There is no change to conditions for Riksbank weekly...

Market movers today In the US, we expect January core retail sales data to show a rebound from the disappointing sales pace in December. Consumers continue to benefit from a cocktail of positive...

Norges Bank figures just released showed that foreign banks (proxy for speculative flows) net bought NOK in the week to 8 February worth a total of NOK6.4bn. Not only does this complete a four-week...