Danske Markets

Euro area flash PMIs increased in December and were slightly stronger than consensus expectations. The improvement in PMIs was broadly in line with our expectations and confirms our view that growth...

Market movers today In the euro area we expect higher PMI figures, which would be in line with the increase in the business climate indicator. Current survey data indicate that Germany is regaining...

The flash estimate for the HSBC/Markit manufacturing PMI in December declined more than expected to 49.5 (consensus 49.8, our estimate 50.0), down from a final reading of 50.0 in November. This is the...

We lift our EUR/NOK forecasts higher as oil prices continue to collapse and the market is likely to price in two additional 25bp rate cuts from Norges Bank. We lift our USD/RUB forecasts...

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...

In this FX strategy document, we present our suggestions on how to trade the four FX Top Trades that we have entered so far in the FX option market. To sum up, we suggest the following option...

The FOMC meeting on 16-17 December is due to conclude with a policy statement and updated economic projections, followed by a 45-minute press conference. The FOMC is likely to revise down its...

The latest IMM data cover the week from 2 to 9 December 2014. • IMM data released last Friday revealed the largest single week EUR short covering since the start of September this year. The move...

Market movers today Today focus will be on US data with the release of industrial production. We look for an increase in November after a correction in utility resulted in a weaker-than-expected...

The main event in Sweden is the Riksbank's last monetary policy meeting of the year and the release of a new Monetary Update. The Riksbank is under pressure 'to do something'. The first line of...

Market movers ahead We expect the FOMC will replace 'considerable time' with 'patient' in their statement next week, but put a 20% probability on them waiting. In the euro area we look for higher...

Markets correct but it should be temporary. Short-term outlook for oil is weak. Lower oil price gives stronger baseline growth but higher tail risk. Euro area is bottoming, US looks...

Growth in industrial production was weaker than expected in November where it eased to 7.2% y/y (consensus 7.5%, DBM 7.4%) from 7.7% in October. According to our calculations seasonally adjusted...

Position for a steeper 5s10s curve in NOK swaps versus a flatter SEK swap curve Entry level: -10.25bp, target: +15bp, stop at -25bp, Carry & Roll: -1.5bp/3M NOK swap curve to steepen as Norges...

Yesterday the price of WTI crude dropped below the USD60/bl mark and the price of Brent crude below USD64/bl - the lowest level since mid-2009. Anecdotal evidence suggests that the present weakness...

Growth in industrial production was weaker than expected in November where it eased to 7.2% y/y (Consensus: 7.5% y/y, DMB 7.4% y/y) from 7.7% y/y in October. According to our calculations industrial...