Danske Markets

Norwegian growth data has surprised substantially on the upside over the past few months, suggesting that the economy is gaining speed supported by a tight labour market and rising house prices. The...

In Sweden, the week ahead has only one data point of interest: the labour force survey (Thursday at 09:30 CEST), including hours worked, employment and the unemployment rate. In the government bond...

The trades below have all had a bias for higher rates and inflation and were based on the following views. 1. The ECB would lift growth and inflation expectations. 2. US rates would be higher,...

Market Movers ahead The minutes from the 29-30 July FOMC meeting due on Wednesday will attract attention, as the FOMC's communication took a more hawkish turn in the latest statement. In the US we...

Headlines Low yields for longer backs credits. Strong performance from Senior Financials. Low activity in primary markets. Market commentaryGeopolitical tension and concerns about the validation of...

Focus is increasingly turning to the weakness on euro data and the pessimists are getting new tailwind in the case that the euro area will be stuck in the mud for a long time and that the recovery was...

ReviewThe trend for lower long bond yields has continued among rising geopolitical tensions and the view of lower terminal rates from central banks. In the meantime, short-end rates in the US and...

Latvia's economy went into free fall in H2 07 but due to significant adjustments in wages and prices it has been able to restore competitiveness and strong economic growth. Latvia is thus a clear...

Focus continues to be on the geo-political development in Ukraine, albeit a more conciliatory as president Putin yesterday eased fear of an imminent Russian intervention. Finnish president Niinistoe...

New research from Danske Bank MarketsNew lows in bond yields. We list a few factors that we believe will be an obstacle for considerably higher interest rates in the autumn. For instance, growth...

As a response to US and EU sanctions towards Russia, Russia has imposed a ban on food imports from a large number of countries including the CEE countries. Given that Russia has been an important...

The euro area economy stagnated in Q2 and was thus weaker than expected. We believe that a number of temporary factors affected the economy negatively in Q2. The slowdown in the US and China in Q1 is...

Italy has been the weak link among the periphery countries in the recent recovery, but the new political generation seems willing to accelerate the implementation of structural reforms in order to...

Market movers today Market focus will be on the development in Ukraine with particular attention to how Russias unilateral humanitarian aid convoy to Ukraine is handled. In the euro area GDP...

The hefty cross market moves in linkers/BEIs seen over the summer offer a very good opportunity to position for tighter front-end BEI boxes/real rate spreads. We recommend buying OBLi 2018 versus...

US retail sales were slightly softer than expected in July showing some moderation in growth following the strong rebound in Q2. This is much in line with our expectations that the US economy will see...