Danske Markets

Why are European yield curves not steepening? We propose an alternative to 3Y-10Y swap steepeners that we hope is less exposed to the global hunt for yield.Consumers see higher mortgage rates. Swedish...

After 48 very eventful hours, it is appropriate to take stock on Brexit. PM Theresa May has promised three important votes in mid-March, which now, after the passing of the Cooper amendment, sets...

Data through February confirmed that we remain in a fragile economic growth environment. It is still too early to call a global rebound, as the rays of light in the global economic cycle in January...

We take profit on our short position in EUR/GBP via options at 0.8555. The trade yielded a return of 1.03%.After Theresa May's U-turn on Brexit by promising three key votes in mid-March (vote on deal,...

Market movers today Today, we have an indicative Brexit vote on the way forward, which is unlikely to be that important anymore given PM Theresa May's promise to hold three votes on 12-14 March (on a...

In our view, the decline in EUR/USD FX forwards over the past couple of months is temporary.Two 25bp Fed hikes and a 40% tightening of USD liquidity are set to push EUR/USD FX forwards higher over the...

Market movers today Today, a lot of information on the current situation in the US housing market is due out, such as housing starts, building permits and house prices in December this afternoon. US...

Implied volatility increased substantially in the Scandi FX sphere towards the end of last week after EUR/SEK broke above 10.60.Given the current relatively constructive risk environment (globally),...

Market movers today While today is quiet in terms of economic data releases, we have a very eventful week ahead of us! As we expected, US President Donald Trump postponed the deadline for raising...

Credit splash and metal prices suggest stimulus is making its way to the economy High-level trade talks get more specific, stable CNY to be part of a deal Is the US losing the battle over Huawei in...

Market movers aheadFocus in China will continue to be on the US-China trade talks as we approach the 1 March deadline next week. High-level trade talks are likely to continue but we do not expect a...

Danmarks Nationalbank (DN) has updated data on the Danish life insurance & pension (L&P) sector's exposure in USD and EUR. In December last year, Danish L&P hedged 70% of its USD exposure...

Euro area February flash PMIs are due out . In January, PMIs signalled that the euro area economy is edging closer to stagnation - (indicated by PMI level around 50) - with manufacturing PMI falling...

Market movers today The main event today will be the release of the FOMC meeting minutes in the US. We will be interested to hear the different stances within the Fed on further hikes now it has...

Market movers today It is another quiet day on the economic release front, so financial markets will be looking to politics for action. One hot spot is certainly the Brexit negotiations, especially...

Risk on' in financial markets has weighed on EUR/DKK the past week.Danish investors have significantly increased their holdings of foreign equity in recent years and have thus become more exposed to...