Danske Markets

The Chinese data released this morning was weaker than expected across the board, although it has not changed our view that the Chinese economy will continue to recover moderately with a peak in the...

Market movers today Focus will remain on uncertainty related to the situation in Ukraine (see more below). In terms of data releases the main event is US retail sales for July, where we expect a...

Portugal has become one of the strong economic performers among the periphery countries and the economic progress is also reflected in domestic demand. However, we see room for further positive...

Pay NOK 2Y1Y versus SEK in a forward spread at 76bp (indicative). Roll down +1.7bp/m. Profit/loss: 96bp/60bp. CPI data in Sweden and Norway this week highlighted the difference in the two economies....

The strong Irish growth performance was confirmed in Q1 and forward looking indicators suggest that activity remained strong during Q2. This implies we expect GDP growth to be 4% in 2014, which will...

Focus will continue to be on the international geopolitical situation, albeit tension at least for now appears to be easing. In Ukraine the risk of an imminent Russian intervention appears to have...

We analyze the economic and financial impact of the Ukrainian crisis with a special focus on our footprint Nordic markets. We view the situation in Ukraine as far from de-escalating as fighting...

The latest IMM data cover the week from 29 July to 5 August 2014. IMM data released last Friday revealed yet another week of net EUR short builds, sending non-commercial positioning to the most...

This week the scorecard recommends buying SEK, NZD and EUR, while selling JPY, CAD and AUD. Last week's signals resulted in a 0.2% gain. Especially the long NOK and the short NZD positions performed...

In Sweden, the week ahead will be all about inflation as Statistics Sweden releases July CPI data (Tuesday, 09:30 CET). Our assessment is that July inflation fell to the Riksbank's forecast again,...

A very quiet start to the week with no key data releases. The only thing to watch is Fed's Vice Chairman Stanley Fischer, who will deliver a speech on 'The Great Recession: Moving ahead'. He will...

Spain experienced the highest GDP growth rate in more than six years in Q2 14, when the economy expanded 0.6% q/q. The strong growth has followed as domestic demand has started to contribute to...

Risk sentiment took a further big hit this week as geopolitical risks are on the rise and weak euro area data is raising concerns over the fragile euro recovery. The centre of the risk-off move is...

Market Movers ahead US retail sales and consumer confidence are expected to show that the recovery in consumption is continuing, albeit at a slower pace than in the spring. Eurozone GDP growth was...

Market movers today The German trade balance for June is expected to show an increase in exports and imports after both figures declined in May. Imports were weak during the first two months of Q2,...

Geopolitical risks are surging further as Russia hits back at sanction-imposing countries, limiting agricultural products and food imports from them. Yesterday, on 6 August 2014, Russia’s Prime...