Danske Markets

The US ISM manufacturing report came in very solidly at 59.0 in August (consensus 57.0) from 57.1 in July. The details were very strong too with the new orders index rising to 66.7 - the highest...

Focus will be on the US ISM report. Last month's report came out very strong, reaching a three-year high level of 57.1. Comments were decent, although a weak European market and the geopolitical...

EUR/DKK has fallen below 7.45 - a level where we expect Danmark's Nationalbank (DN) to start to react in order to curb krone appreciation - amid speculation that the ECB might announce additional...

Job report preview We look for a positive surprise in Friday’s job report with a solid increase in nonfarm payrolls of 260,000 (consensus 225,000). We also expect a drop in the unemployment rate...

We expect the Riksbank to keep the repo rate and the repo rate path unchanged on 4 September, with limited impact on the SEK. We expect the market to 'see through' the Swedish election on 14...

This week the scorecard recommends buying JPY, NZD and CHF, while selling EUR, USD and NOK. Last week's signals resulted in a 0.5% loss. Especially the long SEK position was expensive, while the long...

IMM data released last Friday showed that investors in the week to 26 August added considerable net short positions in EUR and JPY. The move in EUR has sent non-commercial positioning in the single...

Market movers today Focus will be on European and Asian data with the US closed for Labour Day. In Germany the second release of GDP growth together with first estimates of its components is due....

China's official manufacturing PMI released by China's National Bureau of Statistics (NBS) in August declined to 51.1 (consensus: 51.2, DBM: 51.2) from 51.7 in July broadly in line with expectations....

New research from Danske Bank MarketsThe Riksbank made a significant move in July, partly as actual inflation had undershot the target heavily for too long and partly because the inflation outcome...

The past week’s data showed a continued divergent picture across the Atlantic, as US data remained strong while the euro area weakened further.Indeed, the US seems to be firing on all cylinders...

Market Movers ahead We expect no rate cut or QE in connection with next week's ECB meeting, but all options are expected to be left open in a very dovish statement. More details about the ABS...

Inflation in the euro area has declined to a new cycle-low of 0.3% y/y in August. Inflation has only been this low following the financial crisis in 2009. The decline in inflation in August was...

Riksbank rate cut case is currently ice cold • Strange survey data • We believe the hunt for yield is set to continue. We recommend taking advantage of the roll on the swap curve and the...

Renewed Ukrainian tensions could spook the markets While this week we have certainly seen what looks to be some diplomatic progress in the Ukrainian crisis with the meeting between the presidents of...

The likelihood of further ECB easing has increased after ECB President Mario Draghi a week ago mentioned in his speech declining inflation expectations in August. However, we expect no QE or rate cuts...