Danske Markets

As expected, the Monetary Policy Committee (MPC) has just announced that it voted to maintain the Bank Rate and the stock of asset purchases at 0.50% and GBP375bn, respectively. There was no...

Market movers today German factory orders are set to have increased 1.5% m/m in December after a weak print in November. The increase should reflect higher domestic demand and fading business...

New 4y linker SGBi3110 We recommend buying the new bond either in the auction or in the switches. The switch auctions offer an opportunity to take profits on the accrued inflation protection in the...

The halt of government bond issuance by Danmarks Nationalbank does not seem to have been the magic bullet in terms of easing DKK appreciation pressure. We expect further easing will be needed, which...

The People’s Bank of China (PBoC) today cut the reserve requirement ratio (RRR) for commercial banks by 50bp effective from 5 February. For the largest bank the RRR will fall from 20.0% to...

Euro retail sales increased for the third month in a row in December . The increase of 0.3% m/m in December was in line with our estimate but above consensus of 0.0% m/m. The figure was revised...

Market movers today Today Greek prime minister Tsipras and EU Commission president Juncker will meet and a political agreement could be reached. The Greek government has revealed a proposal for an...

In January, Danmarks Nationalbank made FX intervention purchases for DKK106.3bn in response to appreciation pressure. The FX reserves are now at DKK564.1bn which corresponds to 29.6% of GDP. ...

Conclusion. With the pro-active decision to cut the cash rate target, RBA has clearly entered the global currency battlefield and has showed its willingness to combat too strong an AUD. This...

ECB QE is not enough to spur positive momentum Russia downgraded to HY Uncertainty on Greece and Ukraine weighs on spreadsTo Read the Entire Report Please Click on the pdf File Below

Market movers today In an otherwise busy week it is a quiet day in terms of data releases. Focus will be on Fed speeches as both dove Kockerlakota and the more neutral member Bullard are scheduled...

Our model estimates non-farm payroll for January at 215,000 , which is marginally below consensus at 231,000. Government job growth has averaged 9,000 per month over the past six months and our model...

This week the G10 FX Financial Scorecard recommends buying CHF, NOKand JPY while selling AUD, NZD and CAD. Last week's signals resulted in a 2.97% loss. This is the largest weekly loss recorded since...

The latest IMM data cover the week from 20 January to 27 January 2015 . IMM positioning data released Friday showed that investors reduced their bearish JPY bets for the second consecutive week....

China's official manufacturing PMI published yesterday by the National Bureau of Statistics (NBS) in January declined to 49.8 (consensus: 50.2, DBM: 50.3) from 50.1 in December. This is the fourth...

Market movers today Euro PMI manufacturing is due for release and the flash estimates in the periphery will attract most attention. The positive trend in Spanish manufacturing PMI has continued and...