Danske Markets

That the US is in the phase of slowing growth was evident again today with the release of retail sales for September. Core retail sales (control group) fell 0.2% m/m, much weaker than consensus at...

Review Weaker macro data and declining inflation have supported core fixed income markets. Rates have declined further and the EUR curve has flattened from the long end. The ECB easing measures...

Key themes A markedly stronger dollar and concerns about the outlook have weighed on demand for commodities over the past month. In our view, the dollar strengthening is not over yet as the US...

Market movers today US retail sales for September is due for release and we expect growth in retail sales to have slowed markedly in September as both store sales and in particular auto sales were...

In China consumer price inflation again decreased sharply to 1.6% y/y in September (consensus: 1.7% y/y, DBM: 1.8% y/y) from 2.0% y/y in August. This is the lowest level in China since January 2010....

For the 24 hours to 23:00 GMT, the EUR/USD declined 0.71% against the USD and closed at 1.2645, after Germany’s ZEW indicator of economic sentiment declined for the 10th consecutive month to a...

The reason we have not seen another rate cut from the Riksbank is that our inflation forecast has not deviated from the Riksbank projection in any meaningful way. We have argued 'low for long' with a...

Admittedly, we have not ranked among those who have taken a bet on another rate cut by the Riksbank but rather argued for longer a stay-on-hold scenario (until summer 2016). True, the ECB eased and...

Market Movers Today In the euro area there will be attention on industrial production for August after a sharp drop in the German figure has created fears of a more severe slowdown in Europe. We...

China's export growth in September accelerated more than expected to 15.3% y/y (consensus: 12.0% y/y, DBM: 13.6% y/y) from 9.4% y/y in August. Import growth also accelerated more than expected to 7.0%...

IMM data released last Friday revealed close to unchanged positioning in EUR. In terms of percentage of open interest, non-commercial EUR positioning has remained relatively stable over the past month...

This week the scorecard recommends buying AUD, CAD and USD while selling JPY, NZD and SEK. Last week's signals resulted in a 0.4% gain. Especially the long GBP and CHF positions performed well while...

Market movers today euro area finance ministers will today meet at 14:30. The main topic will be recommendations to member states on fiscal and economic policy. There will be particular attention on...

In Sweden, we expect (CPI) inflation to have come close to 0.4% m/m (-0.1% y/y) and the Riksbank's operational target CPIF-inflation (CPI with fixed mortgage rates) to have reached 0.5% m/m (0.6%...

Market movers aheadFocus will be on domestic demand in the US this coming week, when both retail sales figures for September and construction activity data are due. We look for a slight fall in retail...

In this paper, we derive a quantitative measure for the attractiveness of buying FX volatility among selected currencies. We compare FX volatility scores relative to currencies' sensitivity (beta...